In the first half of August, leading cryptocurrencies updated their local highs. However, Bitcoin fell 13.88% and Ethereum 7.33% after the ForkLog report at the end of the month.

In early autumn, digital gold dominance fell below 40%, recording lowest levels in 2022 and early 2018.

Among mid-cap assets (starting at $200 million), Ethereum pool tokens Compound (cETH) and TON were among the best in terms of dynamics. The Toncoin coin grew against the background of Telegram founder Pavel Durov’s statement on the messenger about the possible launch of an account market and a number of other Web3 initiatives based on the project.

At the end of the month, nearly all DeFi tokens in the top 20 by capitalization were in the red zone. The exception is Balancer (BAL) and PancakeSwap (CAKE). The price of the first has increased by 4% over the past 30 days, and the second – by almost 22.76%.

The decline in transaction volumes in the NFT sector continued in the last month of summer. But in the context of blockchains, Polygon and ImmutableX showed noticeable positive dynamics. For the latter, the average NFT price rose from $10 to $50, while trading volumes rose from $5 million to $28 million.

In the public sector corporate market, Coinbase rose to prominence in August despite the announcement of weak financial results. The platform has announced a partnership with BlackRock, the largest asset manager whose clients will be able to access digital assets through Coinbase Prime.

Shares of Voyager, a crypto broker that continues to file for bankruptcy, saw significant growth last month. However, their values ​​have dropped more than 99% since the beginning of the year.

Prices of mining companies declined moderately. Analysts at Arcane Research noted that the financial situation of most bitcoin miners remains stable. Experts only feared Stronghold’s liquidity situation.

Recall that on September 7, Bitcoin prices dropped to $18,500 for the first time since mid-July.