Bitcoin experienced significant price volatility, fluctuating between $50,000 and $68,000. Trading volume synchronized with price movements, peaking in early August. Bitcoin ETFs showed overall net inflows, albeit at a slower pace, with net outflows during periods of price volatility.
Ethereum's price dropped from $3,500 to $2,100, before stabilizing between $2,300 and $2,700. Despite market turbulence, active trading volumes indicated a more balanced market. Ethereum ETF experienced a significant single-day outflow following a major sell-off.
The TON ecosystem faced external challenges, leading to a sharp drop in TVL. However, Toncoin demonstrated resilience with price rebounds. The ecosystem maintained growth momentum supported by various projects, showcasing its adaptability to market changes.
Sui Network expanded rapidly, with significant increases in TVL, transaction volume, and overall activity, particularly excelling in DeFi and GameFi sectors. Growth was primarily driven by partnerships and infrastructure development.
The meme coin market was active due to political events, with projects like DOGS and Catizen gaining attention. However, their long-term sustainability remains questionable, reflecting the high-risk nature of this market segment.
AAVE introduced a new economic model, positively impacting its price. MakerDAO rebranded to Sky, with DAI renamed to USDS. New functionalities raised centralization concerns, highlighting the balancing challenges in project development.

2024 Q3 Crypto Quarterly Report