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DeFi data

1. Total market value of DeFi tokens: 160.405 billion US dollars

2. The trading volume of decentralized exchanges in the past 24 hours is US$97.51

Trading volume of decentralized exchanges in the past 24 hours Data source: coingecko

3. Assets locked in DeFi: US$147.178 billion

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Top 10 DeFi Projects with Locked Assets and Locked Amounts Data Source: defillama

NFT Data

1. Total NFT Market Value: US$21.886 Billion

NFT total market value, top ten projects by market value Data source: Coinmarketcap

2. 24-hour NFT trading volume: 2.703 billion US dollars

NFT total market value, market value ranking of the top ten projects Data source: Coinmarketcap

3. Top NFTs in 24 hours

Game Hotspots

1. Nasdaq-listed gaming company Snail establishes stablecoin subsidiary Snail Coins and launches strategic digital asset plan

Golden Finance reported that Nasdaq-listed independent interactive digital entertainment developer and publisher Snail, Inc. announced the establishment of a wholly-owned subsidiary, Snail Coins LLC, which will serve as an independent entity responsible for the issuance, management and operation of its US dollar-backed stablecoin project and other broader digital asset management plans. In addition, Snail also announced the launch of a strategic digital asset plan to support the capital formation of its stablecoin project reserve assets.

2. Nasdaq-listed gaming company Snail establishes stablecoin subsidiary Snail Coins and launches strategic digital asset plan

Golden Finance reported that Nasdaq-listed independent interactive digital entertainment developer and publisher Snail, Inc. announced the establishment of a wholly-owned subsidiary, Snail Coins LLC, which will serve as an independent entity responsible for the issuance, management and operation of its dollar-backed stablecoin project and other broader digital asset management plans. In addition, Snail also announced the launch of a strategic digital asset plan to support the capital formation of its stablecoin project reserve assets. On August 20th, the MANTRA chain is voting on whether to fully migrate ERC20 OM to its native chain. The proposal, "OM Homecoming," plans to completely deprecate ERC20 OM on Ethereum by January 15, 2026, and establish the MANTRA chain as the sole native foundation for OM. The proposal also recommends adjusting the inflation rate to 8%, aiming for an approximately 18% annual staking return, and for the first time establishing a hard supply cap of 2.5 billion OM. Approximately 250 million OM (28% of the ERC20 supply) has already been migrated to the MANTRA chain. 2. Dolphin's ecosystem token, DOP, surpassed $1.50, increasing by over 38%. Market volatility is high, so please exercise due diligence. Dolphin completed its swap migration to PancakeSwap on August 19, marking the official start of a new journey toward full decentralization.

3. Analysis: Hedge funds are suspected to be the "main force" in this round of shorting Ethereum

Golden Finance reported that since the price of Ethereum failed to break through the resistance level as expected, it has now fallen again. Analysts believe that this round of bearish market pressure seems to be mainly driven by large hedge funds. These hedge funds continue to short ETH in record quantities and try to drive down the price of ETH to stop losses. According to data from the "CME Ether Futures Net Position" dashboard on The Block, the number of Ethereum shorts has risen to an unprecedented level. For hedge funds alone, short positions almost doubled in August: on August 5, the total amount of Ethereum shorts driven by hedge funds was US$2.3 billion, but recently this figure has rapidly increased to US$4.19 billion, indicating that hedge funds continue to expect Ethereum prices to fall. 4. Magic Eden Now Integrates with the OKX DEX API. According to official news on August 20th, Magic Eden has now integrated with the OKX DEX API. Users can enjoy the seamless trading process, low slippage, better quotes, and deep liquidity provided by OKX DEX, comprehensively improving on-chain trading efficiency and user experience. The OKX DEX API aims to drive the expansion and diversification of the OKX DEX aggregator ecosystem by providing industry-leading API solutions. Magic Eden is a cross-chain NFT marketplace built on a user-friendly platform powered by market-leading minting and trading solutions. Magic Eden brings dynamic cultural moments to the blockchain, enabling users to create, discover, and collect unique NFTs. 5. MANTRA Chain Proposes Full Migration of OM to its Native Chain, Setting a Cap of 2.5 Billion. On August 20th, the MANTRA chain was voting on whether to fully migrate ERC20 OM to its native chain. The "OM Homecoming" proposal aims to completely deprecate ERC20 OM on Ethereum by January 15, 2026, establishing the MANTRA chain as the sole native foundation for OM. The proposal also recommends adjusting the inflation rate to 8%, aiming for an annual staking return of approximately 18%, and establishing a hard supply cap of 2.5 billion OM for the first time. Approximately 250 million OM (28% of the ERC20 supply) has already been migrated to the MANTRA chain.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for informational purposes only and is not intended as actual investment advice. Please establish correct investment concepts and be sure to enhance risk awareness.