Altcoins

Gate Research Daily Report: On August 20, the cryptocurrency market showed strong 24-hour performance, with significant gains in sectors like AI Agents and Masternodes. U.S. Bitcoin ETFs saw a net inflow of $61.98 million, while Ethereum ETFs experienced a net outflow of $13.52 million. Uniswap led in ETH burn volume, though the quarterly burn rate dropped by 72.4%. Bitcoin's hash rate increased, and two major projects secured funding. DOGS and others announced airdrops, Bitcoin and Ethereum prices rose, altcoins rebounded, Grayscale transferred large amounts of BTC and ETH, and the market sentiment index climbed to 30.

Beoble (BBL) is a Web3 social platform enhancing wallet-to-wallet communication and decentralized interactions, focusing on user privacy and security.

Soil bridges the crypto world with traditional finance, offering users stable returns by lending to real-world businesses, ensuring compliance.

Ariva presents a groundbreaking initiative to transform the travel and tourism industry through the innovative use of blockchain technology. In a world where travel complexities and financial transactions can often become burdensome, Ariva offers a smooth and decentralized solution. This platform facilitates easier and more cost-effective travel arrangements and enriches the experience for travelers worldwide by integrating digital currencies into everyday tourism activities.

This article delves into the development history of Klaytn, its technological innovations, and its ecosystem, while also introducing the launch of the new mainnet, Kaia, which is the next-generation blockchain platform following the merger of Klaytn and Finschia. The launch of the Kaia mainnet brings a series of innovations and improvements, including interoperability, security, compliance, and efficient cross-chain asset transfers enabled by Hydra technology. The article also covers Klaytn's governance structure, the role of the KLAY token, and the newly introduced KAIA token, which optimizes user experience and governance participation. Additionally, it discusses Klaytn's development plans, including support for EVM, the expansion of service chains, consensus optimization, and decentralized governance, highlighting Klaytn's ambitions in the blockchain and metaverse sectors.

Gate Research Daily Report (August 16):BTC briefly broke above $59,800 before quickly retreating to $56,000, while ETH fluctuated between $2,500 and $2,700. MakerDAO’s proposal to reduce WBTC collateral could pose liquidity risks. Pump.fun continues to dominate the meme coin market, with Beethoven X, Colend Protocol, and Symbiotic leading TVL growth in the DeFi sector. A rebound in U.S. stocks has boosted blockchain shares, and $95 million in funding was secured in the Web3 sector. Keep an eye on airdrop opportunities from Pichi Finance and Grass.

Gate Research Weekly Market Review and Outlook reports. This week, BTC and ETH have entered a consolidation phase, with a predominantly bearish sentiment reflected in the overall contract market. Most tokens on the Pump.fun platform have failed to maintain high market value. The FTX claims voting process is nearing its end, with a massive payout plan awaiting approval. Projects like Sahara have announced significant funding rounds. In the technical realm, Uniswap's revenue growth, FTX incident updates, the WazirX security incident, and the upcoming Monad testnet have garnered attention. The XION project's airdrop plan has sparked community interest. Token unlocks and macroeconomic data releases scheduled for next week are expected to influence market trends.

Amulet (AMU) is a decentralized insurance protocol on the Solana blockchain, offering scalable risk protection for the Web3 ecosystem.

Created by the Singaporean company Enjin in 2017, Enjin, an innovative blockchain-based platform, focuses on providing services for the creation and management of virtual goods in gaming, social networks, and online marketplaces. Its primary goal is to offer a decentralized solution for virtual goods, simplifying the integration of blockchain technology into games and apps through its software development kits (SDKs). Enjin's offerings include a trading marketplace and the Enjin Beam feature. They allow users to buy, sell, and share virtual goods easily. Enjin Coin (ENJ), the platform's native cryptocurrency, facilitates transactions within the Enjin marketplace and represents value exchange within the Enjin ecosystem. Enjin’s commitment to sustainability, highlighted by its participation in the Crypto Climate Accord and its efforts to achieve carbon neutrality, further enhances the project's appeal and sustainability.

In 2020, the crypto market saw a huge influx of capital, leading to a rapid increase in market value and the launch of many new cryptocurrencies. Alongside contract-based altcoins, many application-based cryptocurrencies have also emerged. A significant development during this time was in algorithmic stablecoins, where FRAX stood out as the world’s first fractional stablecoin. Frax Finance, founded by Sam Kazemian in 2019, is a decentralized stablecoin protocol comprising two main tokens: $FXS, the governance token, and $Frax, a stablecoin pegged to the US dollar. Frax Finance uses a hybrid model combining partial collateralization and algorithms to maintain stability. Since its launch in 2020, Frax Finance has grown significantly in the DeFi space, with a total of 100 million $FXS tokens in circulation. The protocol’s evolution from FRAX v1 to v3 reflects its ongoing innovation, including the introduction of products like frxETH, highlighting its strategic vision and effective execution.

As an innovative Ethereum NFT aggregator, Blur offers cross-platform market data integration and meets the needs of professional traders by providing deep liquidity and extensive trading features. Since its launch in October 2022, its user base has surged to 400,000. The token airdrop not only incentivizes high royalty payments and supports creators but also promotes the platform's decentralization and user engagement. Blur's streamlined interface and attribute filters enhance the user experience, while liquidity mining and an innovative trader incentive model bring new vitality to the NFT market. The release of Version 2 introduces new features like reduced gas fees by up to 50% and feature bidding, significantly improving trading economics and interactivity. Despite facing challenges related to liquidity and token value support, Blur's innovative governance and economic model paint an optimistic picture of the future of NFT trading.

POOH is an Ethereum meme coin inspired by Winnie the Pooh. It channels humor and nostalgia with a community-driven approach and envisions being the most widely held meme coin in the Crypto space.

Gari Network empowers creators on India's Chingari app, fostering a fair, decentralized earning ecosystem using blockchain technology.

Lossless (LSS) is a crypto protocol aimed at preventing fraud by enabling the freezing of suspicious transactions.

Gate Research Daily Report, August 14: BTC prices have returned above $60,000, while ETH remains volatile. The market shows an optimistic bullish sentiment. The U.S. July PPI growth was below expectations, affecting the Fed's interest rate cut outlook. BitGo wallet transferred a large amount of Mt. Gox Bitcoin assets, and Aethir Foundation opened community reward claims.