Thread by @coingecko

1/ The month of August was DeFi-nitely a wild ride. With that, we have captured all the market trends of August 2020 to quench your crypto thirst.

Get it here: gcko.io/m7d23z5

Scroll on to have a sneak peek 👇

2/ In August, the top-30 cryptocurrencies market capitalization recorded yet another 2020-high at $343 billion! We saw an increase of 11% in their market capitalization and an 18% gains in their trading volume 👀

3/ $BTC market dominance shrank by 4.4% to 61.1% whereas Ethereum gained the largest by 1.7% to 13.9% 😮

4/ 🥳 Slightly less than 2 months after launching, @iearnfinance ($YFI) hit an all-time high of $38k and outperformed all other coins in the same category.

YTD wise, @UMAprotocol did the best with >7000% gains

5/ With a 240% month-on-month growth, DEX recorded $13 billion in trading volume and greatly surpassed CEX growth of 85%.

@UniswapProtocol continues to dominate with over 60% DEX market share 💪

6/ That’s it for the sneak peak!

For a more detailed explanation, click here: gcko.io/m7d23z5