The portion of Bitcoin mining earnings derived from transaction fees has touched a new monthly peak, providing some relief for miners.

XRP’s average daily volume during August was a whopping $462.8 million, 4x times higher than the next-ranked Solana.

The month of August registered the lowest combined spot and derivatives trading volume in 2023, plunging 11.5% to $2.09 trillion.

MVRV Ratio, one of the most effective indicators to identify tops and bottoms in Bitcoin’s price, has reached the historically significant level of 1.27.

Lending protocol Aave’s stablecoin GHO has failed to reach its ideal dollar peg since its launch in mid-July.

RWAs were the eighth-largest DeFi sub-sector at the time of publication, with a total value locked (TVL) of $1.46 billion.

Despite Cardano’s sharp retracement from April peaks, the network’s transaction volume continued to push to new highs.

While MakerDAO’s governance token MKR’s rally was significant, some voices from the market expressed apprehensions about its sustainability.

On average, about $7 billion worth of transactions involving Bitcoin were settled on exchanges in 2023, markedly lower than 2021 and 2022.

In an attempt to alleviate fears around DeFi security, Uniswap launched a bug bounty program to “incentivize responsible bug disclosure”.

Bitcoin Volatility Index sank below 50 in recent months, compared to 150 and beyond during the peak of 2021 bull market.

The last week saw the highest daily withdrawals since July, with over 58,000 ETH getting unstaked on 28 August.