1. Market focus tracking:
1. The public chain FTM performed well and announced that it would carry out token conversion, introduce the new EVM public chain Sonic, and launch an incentive plan for developers to further stimulate market vitality.
2. The price of the public chain MAT rose, and projects such as Quick in its ecosystem also followed suit. It is worth noting that MAT plans to migrate tokens on September 4 and change its name to POL. This move aims to use the fully released old coins for a new round of additional issuance strategies.
3. Projects such as FXS, UNI, AAVE, and AEVO in the traditional DeFi field have ushered in a rebound. Ethereum founder Vitalik publicly supports the ETH chain, and the quarterly revenue data released by AAVE shows that it has surpassed the high point of the previous bull market, demonstrating the strong recovery momentum in the DeFi field.
2. Market dynamics:
The market showed signs of recovery after experiencing fluctuations, but the hype of small stocks and monster stocks revealed the tense situation of market liquidity. At the same time, the U.S. stock market rebounded, and the minutes of the Federal Reserve meeting revealed a signal that a rate cut policy may be implemented in September.
