Gate Research Institute: On September 1, BTC quickly fell back after being blocked at a high of $113,469, briefly dropping below $108,000; ETH faced pressure after reaching a high of $4,646, dipping to a low of $4,257. In August, the on-chain DEX trading volume of Ethereum exceeded $140.1 billion, setting a record for the highest monthly volume in history; Bonk.fun has partnered with WLFI, becoming the official Launchpad platform for USD1 on Solana; Japan Post Bank plans to launch a digital currency in 2026 and support trading of blockchain-based financial products.
BTC (-0.83% | Current Price: 108,196 USDT): BTC's recent price quickly fell back after being blocked at a high of $113,469, briefly dropping below $108,000, with a low of $107,350. Technically, key support at $107,000 and resistance at $109,000 need to be closely monitored. If trading volume cannot be maintained, BTC still faces the risk of further declines. On August 29, the net outflow from BTC ETFs reached $126 million in a single day, with BlackRock's IBIT inflowing $24.6 million and Fidelity's FBTC outflowing $66.2 million.
ETH (-0.78% | Current Price: 4,419 USDT): ETH's price faced pressure after reaching a high of $4,646, dipping to a low of $4,257, and then rebounding with support in that range. In the short term, key support at $4,360 and resistance at $4,500 need to be monitored, as the oscillating consolidation pattern has not yet been broken. On August 29, the net outflow from ETH ETFs was $164 million in a single day, with Fidelity's FETH inflowing $51 million.
Altcoins: Most mainstream altcoins experienced slight declines, with market sentiment primarily "neutral." The Fear and Greed Index reported 46 today, indicating a state of fear and showing that market sentiment has significantly cooled compared to before.
Macro: On August 29, the S&P 500 index fell by 0.64%, closing at 6,460.26 points; the Dow Jones index fell by 0.20%, closing at 45,544.88 points; the Nasdaq index fell by 1.15%, closing at 21,455.55 points. As of September 1, 10:00 AM (UTC+8), the spot price of gold was reported at $3,456 per ounce, with a 24-hour increase of 0.23%.
According to Gate market data, the current price of the BRIC token is $0.017, with a 24-hour increase of 77.24%. Redbrick is an AI-driven Web3 content and game creation platform aimed at lowering development barriers using artificial intelligence and blockchain technology, allowing users to quickly create, publish, and monetize games and applications.
Recently, Redbrick has generated market interest due to the launch of a new exchange and the initiation of an airdrop campaign. Additionally, its AI engine is set for a synchronized upgrade, further enhancing the platform's application prospects in the AI + Web3 gaming sector, which has been a major reason for the significant rise in BRIC token prices.
According to Gate market data, the MDT token is currently priced at $0.028, with a 24-hour increase of approximately 11.93%. MDT (Measurable Data Token) is a blockchain-based utility token that supports a decentralized data exchange ecosystem, aiming to achieve secure and anonymous data sharing and monetization between users, data providers, and data buyers.
The main driving force behind this round of price increase comes from its latest collaboration progress. Measurable announced a partnership with MaidenCentury, allowing direct access to detailed transaction electronic receipt data supported by MDT users through its IDEA platform, particularly covering emerging markets. Preliminary data shows that this type of data effectively fills the spending gap of delivery platforms like Uber, Grab, and Zomato in markets outside the US and EU, and demonstrates significant advantages in tracking international revenues for multinational companies like McDonald's. The realization of this application scenario enhances MDT's actual value support, becoming an important driving force for the price increase.
According to Gate market data, the current price of the MITO token is $0.244, with a 24-hour increase of approximately 9.39%. Mitosis is a liquidity protocol aimed at the modular era, designed to redefine cross-chain liquidity by enhancing the liquidity and yield attractiveness of cross-chain LPs, thereby promoting the development of the entire modular ecosystem. MITO, as the native governance token, can be used for liquidity aggregation, voting on fund direction, and providing staking rewards to users.
The main driving force behind this round of price increase comes from the official launch of the mainnet and dApps, combined with the liquidity boost from recently landing on new exchanges, significantly enhancing market attention and buying momentum for MITO. The practical application of the protocol and the exchange expansion effect have jointly driven up the token price.
According to DefiLlama data, in August 2025, the monthly trading volume of decentralized exchanges (DEX) on the Ethereum network exceeded $140.1 billion, setting a new historical record. At the same time, the number of active addresses reached 16.77 million, also setting a new monthly high. Ethereum's current TVL is reported at $92.58 billion, still about 17% away from the peak of $108.8 billion at the end of the 2021 bull market.
Ethereum set new highs in both DEX trading volume and active addresses in August, indicating that its ecosystem's activity and capital liquidity are rapidly recovering. Although TVL has not fully returned to bull market highs, the record trading volume shows that capital utilization efficiency is improving, with users more inclined towards high-frequency trading and liquidity usage rather than just simple locking. This structure of "active trading > TVL recovery" highlights Ethereum's core position in the DeFi market and suggests that with the accelerated expansion of L2 networks and emerging protocols, there is still room for further breakthroughs in financial activities on the Ethereum chain.
The Solana ecosystem Launchpad platform Bonk.fun announced on platform X that it has partnered with the crypto project WLFI associated with the Trump family, officially becoming the Launchpad platform for the stablecoin USD1 on the Solana network. The official statement regarding specific launch details and the significance behind the collaboration will be announced later.
Bonk.fun's collaboration with WLFI will bring the USD1 stablecoin into the issuance and promotion phase within the Solana ecosystem, indicating that Solana is further strengthening its layout in stablecoins and application layers. If USD1 can quickly land with the help of Bonk.fun's traffic and ecological resources, it will help expand the use cases of stablecoins on Solana and enhance capital liquidity. From a strategic perspective, such collaborations not only enhance Solana's financial infrastructure but may also drive a secondary boom in ecological applications. However, the compliance, market acceptance, and subsequent circulation scale of the USD1 project still need to be continuously monitored.
Japan Post Bank plans to launch its own digital currency in 2026 and explore allowing users to trade blockchain-derived financial products, including security tokens and NFTs, using this digital currency. As one of Japan's largest financial institutions, this move could become an important milestone in the Japanese banking industry's push to integrate blockchain with traditional finance.
Japan Post Bank's digital currency plan sends a strong signal: Japan's financial system is gradually moving towards digital assets and blockchain finance. Unlike private stablecoins or Web3 projects, such digital currency projects led by large banks are more compliant and credible, likely providing more robust settlement and trading channels for emerging assets like security tokens and NFTs. If successfully implemented, it will have a profound impact on the compliance and scaling development of Japan's digital asset market and may accelerate the digital transformation of financial products. However, attention must also be paid to its relationship with central bank digital currencies (CBDCs) in terms of positioning and functionality, as well as how to balance innovation and regulation within a compliance framework.
Related: Ethereum co-founder Joe Lubin predicts ETH will see a hundredfold increase due to Wall Street's embrace of decentralized finance (DeFi) architecture.
Original article: “August Ethereum DEX Trading Volume Hits Record High | Bonk.fun Becomes Official Launchpad for USD1”
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