CoinW Research Institute
Key Points
The total global cryptocurrency market capitalization is $2.70 trillion, unchanged from last week's $2.70 trillion, with the total market cap of cryptocurrencies remaining almost flat this week. As of the time of writing, the total net inflow of the U.S. Bitcoin Spot ETF has accumulated approximately $54.63 billion, with a net inflow of $924 million this week. The total asset net value is $97.59 billion, an increase of about 1.58% from last week's $96.07 billion. The U.S. Ethereum Spot ETF has accumulated total net inflow of approximately $12.97 billion, with a net inflow of $824 million this week and a total asset net value of $15.23 billion, an increase of approximately 6.58% from last week's $14.29 billion.
The total market cap of stablecoins is $307.2 billion, an increase of about 1.72% from last week's $302.0 billion. Among them, USDT has a market cap of $183.41 billion, accounting for 59.70% of the total stablecoin market cap, an increase of about 0.10% from last week's $183.22 billion; USDC has a market cap of $73.88 billion, accounting for 24.05% of the total stablecoin market cap, an increase of about 0.42% from last week's $73.57 billion; DAI has a market cap of $4.59 billion, accounting for 1.49% of the total stablecoin market cap, an increase of about 0.44% from last week's $4.57 billion.
According to DeFiLlama, the total TVL (Total Value Locked) this week is $87.844 billion, a decrease of about 4.44% from last week's $91.922 billion. When categorized by public chains, the top three public chains by TVL are Ethereum at 55.67%, Solana at 6.67%, and Base at 6.30%.
This week, major public chains' performances (Ethereum, Solana, BNB Chain, TON, Sui, Aptos): Overall on-chain activity for mainstream public chains has cooled down this week, with daily transaction volumes on DEX across the six public chains declining compared to last week. Solana ($1.567 billion, -52.80%) leads, followed by Ethereum ($0.795 billion, -29.02%) and BNB Chain ($0.712 billion, -49.50%). Sui and TON both saw declines exceeding 60%; gas fees remain low overall, with only Solana rising to $0.0021. User activity shows divergence, with Solana (2.21 million, -19.93%) and BNB Chain (1.78 million, -16.43%) experiencing significant decreases, while Ethereum (503,600, +5.28%), Sui (160,400, +10.76%), and TON (142,600, +5.16%) saw counter-cyclical growth. In terms of TVL, Ethereum ($48.674 billion, -0.18%) remains stable and maintains an absolute advantage; Solana ($5.892 billion, +5.40%) grows against the tide to take second place, while BNB Chain ($5.495 billion, -45.76%) and Sui ($0.445 billion, -69.73%) saw significant declines. This week has shown characteristics of a general retreat in trading activity, divergent user engagement, strong capital resilience in Ethereum, and countercyclical growth in Solana's TVL.
New project focus: Nxos is a stablecoin financial infrastructure company targeting corporate and institutional clients, primarily providing integrated fiat and digital asset unified funding accounts, allowing businesses to manage currencies like USD, EUR, AED, HKD, and digital assets such as USDC, USDT, BTC on one platform, and to complete SWIFT, bank transfers, stablecoin payments, and fiat to stablecoin exchanges. ElfomoFi is a DeFi liquidity infrastructure protocol focused on the on-chain trading and asset management market, using a Hybrid Prop-AMM model that combines active market-making from professional market makers with on-chain AMM, Solvers, and Vault infrastructures. Entropy is an on-chain derivatives and RWA (Real World Asset) market infrastructure project based on Hyperliquid HIP-3, aiming to convert traditional market assets like Pre-IPO private companies, stocks, and indices into a perpetual contract market that can be traded 24/7.
Table of Contents
Key Points
1. Market Overview
1. Total Cryptocurrency Market Cap/Bitcoin Market Cap Share
2. Fear Index
3. ETF Inflows and Outflows Data
4. ETH/BTC and ETH/USD Exchange Rates
5. Decentralized Finance (DeFi)
6. On-chain Data
7. Stablecoin Market Cap and Issuance
2. Hot Money Trends This Week
1. Top five VC coins and Meme coins by increase this week
2. New Project Insights
3. Industry News
1. Major Industry Events This Week
2. Major Upcoming Events Next Week
3. Important Investments and Financing from Last Week
4. Reference Links
1. Market Overview
1. Total Cryptocurrency Market Cap/Bitcoin Market Cap Share
The global Total Cryptocurrency Market Cap is $2.70 trillion, unchanged from last week's $2.70 trillion, with the total cryptocurrency market cap remaining almost unchanged this week.
Data Source: Bitcoin dominance from cryptorank, https://cryptorank.io/charts/btc-dominance
Data as of August 30, 2026
As of the time of writing, Bitcoin has a market cap of $1.56 trillion, accounting for approximately 57.78% of the total cryptocurrency market cap. Meanwhile, the market cap for stablecoins is $307.2 billion, accounting for about 11.38% of the total cryptocurrency market cap.
Data Source: coingecko, https://www.coingecko.com/en/charts
Data as of August 30, 2026
2. Fear Index
The cryptocurrency fear index is 61, indicating greed; a decrease of 6 points from last week's 67.
Data Source: coinglass, https://www.coinglass.com/pro/i/FearGreedIndex
Data as of August 30, 2026
3. ETF Inflows and Outflows Data
As of the time of writing, the total net inflow of U.S. Bitcoin Spot ETF is approximately $54.63 billion, with a net inflow of $924 million this week and a total asset net value of $97.59 billion, an increase of about 1.58% from last week's $96.07 billion. The net inflow for the U.S. Ethereum Spot ETF is approximately $12.97 billion, with a net inflow of $824 million this week and a total asset net value of $15.23 billion, an increase of about 6.58% from last week's $14.29 billion.
Data Source: sosovalue, https://sosovalue.com/zh/assets/etf
Data as of August 30, 2026
4. ETH/BTC and ETH/USD Exchange Rates
ETH/USD: Current price $2,416.94, historical highest price $4,946.05, down approximately 51.13% from the highest price.
ETH/BTC: Currently at 0.031114, with a historical peak of 0.1238.
Data Source: ratiogang, https://ratiogang.com/
Data as of August 30, 2026
5. Decentralized Finance (DeFi)
According to DeFiLlama, this week's total DeFi TVL is $87.844 billion, a decrease of about 4.44% from last week's $91.922 billion.
Data Source: defillama, https://defillama.com
Data as of August 30, 2026
When categorized by public chains, the top three public chains by TVL are Ethereum chain, accounting for 55.67%; Solana, accounting for 6.67%; Base, accounting for 6.30%.
Data Source: defillama, https://defillama.com/chains
Data as of August 30, 2026
6. On-chain Data (Ethereum, Solana, BNB Chain, Gram, Sui, Aptos)
Layer 1 Related Data
Mainly analyzing daily transaction volume, daily active addresses, and transaction fees for the main Layer 1 including ETH, SOL, BNB, GRAM (original TON), SUI, and APTOS.
Data Source: CoinW Research Institute, defillama, https://defillama.com
Data as of August 30, 2026
On-chain DEX Daily Trading Volume and Fees: The daily trading volume and fees on the DEX are important indicators of blockchain ecosystem activity and user trading experience. From this week's data, mainstream public chain DEX trading activity has noticeably cooled down, with transaction volumes on all six public chains decreasing from last week. Solana ($1.567 billion, -52.80%) although seeing a major drop, still maintains a clearly superior trading volume among public chains; Ethereum ($0.795 billion, -29.02%) falls to second place; BNB Chain ($0.712 billion, -49.50%) sees its trading volume nearly halved. Other public chain trading volumes are relatively small, with Sui ($0.017 billion, -75.71%) seeing the largest drop, Aptos ($0.014 billion, -30.00%) also declining, while TON ($0.002 billion, -60.00%) continues to maintain a low trading scale. Regarding transaction fees, Ethereum ($0.01), BNB Chain ($0.00001), and Aptos ($0.000001) remain unchanged from last week; Solana's gas fees rose from $0.0008 to $0.0021 (+162.50%), with a notable increase, yet the absolute cost remains low; TON fell from $0.0011 to $0.0007 (-36.36%), and Sui fell from $0.0006 to $0.0005 (-16.67%).
Daily Active Addresses and TVL: Daily active addresses reflect the ecological engagement and user stickiness of the public chain, while TVL reflects the level of user trust in the platform. From this week's data, user activity shows divergence, with Solana and BNB Chain seeing significant declines in active addresses, while Ethereum, TON, and Sui saw counter-cyclical growth; TVL differentiation is more evident, with Ethereum remaining stable, Solana growing, while BNB Chain and Sui saw significant declines. Regarding daily active addresses, Solana (2.21 million, -19.93%) still maintains first place, though reduced by about 550,000 from last week; BNB Chain (1.78 million, -16.43%) also shows noticeable reduction; Ethereum (503,600, +5.28%) saw counter-cyclical growth with improved activity levels. Sui (160,400, +10.76%) shows the most noticeable increase, while TON (142,600, +5.16%) also increased; Aptos (35,100, -4.00%) sees a slight decrease. In terms of TVL, Ethereum ($48.674 billion, -0.18%) remains stable, retaining an absolute advantage; Solana ($5.892 billion, +5.40%) grows against the trend, overtaking BNB Chain to take second place; BNB Chain ($5.495 billion, -45.76%) sees a significant decline from last week; Sui ($0.445 billion, -69.73%) also saw a dramatic drop; TON ($0.050 billion, -16.67%) and Aptos ($0.057 billion, -5.00%) also saw declines.
Layer 2 Related Data
According to L2Beat data, this week's Ethereum Layer 2 total TVL is $29.56 billion, an increase of approximately 5,606.56% from last week's $5.18 billion.
Data Source: L2Beat, https://l2beat.com/scaling/tvs
Data as of August 30, 2026
This week, Base and Arbitrum One hold market shares of 55.65% and 14.12%, ranking first and second.
Data Source: CoinGecko, https://www.coingecko.com/en/chains/layer-2
Data as of August 30, 2026
7. Stablecoin Market Cap and Issuance
According to Coinglass data, the total market cap of stablecoins is $307.2 billion, an increase of approximately 1.72% from last week's $302.0 billion. Among them, USDT has a market cap of $183.41 billion, accounting for 59.70% of the total stablecoin market cap, an increase of about 0.10% from last week's $183.22 billion; USDC has a market cap of $73.88 billion, accounting for 24.05% of the total stablecoin market cap, an increase of about 0.42% from last week's $73.57 billion; DAI has a market cap of $4.59 billion, accounting for 1.49% of the total stablecoin market cap, an increase of about 0.44% from last week's $4.57 billion.
Data Source: CoinW Research Institute, Coinglass, https://www.coinglass.com/pro/stablecoin
Data as of August 30, 2026
According to Whale Alert data, this week USDC Treasury issued a total of 2.865 billion USDC, while Tether Treasury issued a total of 0 USDT this week. The total growth of stablecoin issuance this week is 2.865 billion, a decrease of approximately 54.88% compared to last week's total issuance of 6.35 billion stablecoins.
Data Source: Whale Alert, https://x.com/whale_alert
Data as of August 30, 2026
2. Hot Money Trends This Week
1. Top Five VC Coins and Meme Coins by Increase This Week
Top five VC coins by increase in the past week
Data Source: CoinW Research Institute, coinmarketcap, https://coinmarketcap.com/
Data as of August 30, 2026
Top five Meme coins by increase in the past week
Data Source: CoinW Research Institute, coinmarketcap, https://coinmarketcap.com/
Data as of August 30, 2026
2. New Project Insights
Nxos is a stablecoin financial infrastructure company targeting corporate and institutional clients, primarily providing integrated fiat and digital asset unified funding accounts, allowing businesses to manage currencies like USD, EUR, AED, HKD and digital assets such as USDC, USDT, BTC on one platform, and to complete SWIFT, bank transfers, stablecoin payments, and fiat to stablecoin exchanges. It primarily serves cross-border trading companies, Crypto Funds, and companies with global capital management needs. The operating entity Nxos Finance Ltd. is registered as a Money Services Business (MSB) with FINTRAC in Canada; the platform has disclosed partnerships with financial infrastructure institutions such as Anchorage Digital, BNY, etc. Nxos has received investments from organizations such as Digital Currency Group (DCG), byld.vc, Koro VC, and others, positioning itself as a connection between traditional banking systems and stablecoin payment networks.
ElfomoFi is a DeFi liquidity infrastructure protocol aimed at the on-chain trading and asset management market, utilizing the Hybrid Prop-AMM model to combine active market-making from professional market makers and quantitative strategies with on-chain AMM, Solvers, and Vault infrastructures, enabling professional trading institutions to provide on-chain liquidity while allowing users to participate in market-neutral and market-making strategies through Vaults. The trading infrastructure of Elfomo Labs is integrated with various ecosystems such as CoW Swap, UniswapX, Velora, Bebop, and has deployed related Vault smart contracts on Base. The core Vault Accounting Layer has passed security audits from Hexens. The project has received investment from YZi Labs (formerly Binance Labs), positioning itself to further productize and adapt traditional professional market-making capabilities into on-chain solutions, thereby providing institutional-level liquidity and strategic infrastructure for DeFi.
Entropy is an on-chain derivatives and RWA market infrastructure project built on Hyperliquid HIP-3, aiming to convert traditional market assets such as Pre-IPO private companies, stocks, and indices into a perpetual contract market that can be traded 24/7. The project has already launched trading markets including Anthropic Pre-IPO. Its primary focus is on developing liquidity-weighted oracle mechanisms to solve pricing and price discovery issues for assets lacking continuous public spot prices like Pre-IPO and is collaborating with oracle infrastructure providers like RedStone. Team members come from institutions such as Citadel Securities, Optiver, Millennium, Polymarket, and the project has completed $14 million in financing led by Ribbit Capital, with additional staking support of approximately $40 million in HYPE, positioning itself to establish on-chain derivatives trading infrastructure for Pre-IPO and traditional financial assets leveraging Hyperliquid.
3. Industry News
1. Major Industry Events This Week
Flop Network announced on August 26 the FLOP Tokenomics draft and Genesis Airdrop plan, proposing to allocate 3.5 billion FLOP for the genesis airdrop, approximately 20.4% of the expected total supply in the network's tenth year. The airdrop primarily targets users participating in Q4 2026 Testnet, with miners and AI Agents each receiving up to 1.2 billion FLOP and validators receiving approximately 306 million FLOP, while the remaining approximately 794 million FLOP is allocated for ecological and growth incentives. Users need to accumulate eligibility for the airdrop by providing GPU computing power, running validation nodes, or using test tokens to consume AI inference computing power, with different categories of tokens having different unlocking arrangements after the TGE. Flop Network is an AI-native Layer 1 project promoted by Arthur Hayes, employing a Proof-of-Useful-Inference mechanism to utilize GPU computing power for AI inference, and using FLOP as the native asset for AI agents to purchase computing power, rewards for miners and validators, and network governance.
Doppler Finance officially announced its native utility and governance token XDP on August 26 and plans to advance the XDP TGE on August 27. The total supply of XDP is 10 billion, with 1% or 100 million allocated for the Genesis Airdrop, which will all be unlocked at TGE. The genesis airdrop mainly targets early users, contributors, and ecological supporters of Doppler; additionally, 43% of the supply will be used for ecological incentives, including future Doppler Points activities, XDP Staking, and community programs. XDP will serve as the protocol coordination layer for Doppler, allowing users to stake for access to premium Vaults and strategy usage, priority access to new products, and participation in specific ecological activities, while bearing decentralized governance functions. Doppler Finance is a digital asset yield and institutional financial infrastructure protocol centered around XRP/XRPL, stablecoins, and tokenized assets.
Teller completed the TGE of its native token DEBIT on August 26 and is simultaneously advancing token distribution to the community and early participants. DEBIT has a total supply of 100 million and serves as the native utility token for the Teller ecosystem, connecting product usage, eco-incentives, and subsequent protocol development. Teller is a financial platform combining AI with on-chain credit, providing users with a more natural financial interaction through conversational AI Agents and connecting unsecured credit, as well as on-chain financial services like swaps, bridges, borrowing, and yield; its core focus is to use AI agents to simplify the user experience of discovering and using on-chain financial products. With the completion of DEBIT’s TGE, Teller is further expanding from a platform centered on credit and AI agent products to a token-driven ecosystem.
2. Major Upcoming Events Next Week
Ethos Network plans an ICO for WHUF Token via Echo on September 1, with this round of public sales corresponding to 20% of the total supply, equating to 2 million WHUF. The total fixed supply of WHUF is 10 million with no subsequent issuance, with 28.9%, 18%, and 11.1% allocated to the team, contributor rewards, and early supporters, respectively; the token sale also offers a total of 200,000 WHUF for participation and referral rewards, with distribution linked to factors like subscription size and Contributor XP. Ethos Network is a decentralized reputation and credibility infrastructure for Web3, establishing verifiable Reputation Scores through on-chain behavior, user evaluations, and historical interactions, helping protocols and users identify Sybils, fraudulent accounts, and high-risk participants. Its reputation data is currently used by projects like MegaETH, Legion, and Humanity Protocol for token sale screening, founder due diligence, and community access scenarios.
Linera plans to hold an ICO for LNRA Token via Echo on September 1, with CryptoRank currently indicating a target fundraising of approximately $12 million. Linera is a new Layer 1 blockchain founded by former Meta/Novi engineer Mathieu Baudet, utilizing a Microchains architecture to distribute applications and user activities across many lightweight chains operating in parallel, reducing the congestion and delays caused by traditional blockchains sharing block space, with a focus on real-time applications, Web3 gaming, payments, and high-frequency interaction scenarios. The project has previously received support from institutions like a16z Crypto and Borderless Capital, making it a strong institutional fundraising-backed infrastructure token sale project.
Mavro Asset Ecosystem plans to conduct an IDO for MAVRO on Poolz Finance on September 2, with a target fundraising of $150,000, and an IDO price of approximately $0.0007, corresponding to an initial circulated market cap of approximately $192,500; the total supply of MAVRO is 11 billion, with an expected initial circulation of approximately 275 million at TGE. The project previously launched a public sale on PinkSale on August 17, with the same public sale price of $0.0007, and plans to further advance token circulation in September. Mavro Asset Ecosystem is a Web3 asset ecosystem built on the BNB Smart Chain, focusing on Tokenized Digital Assets, NFT Nodes, Staking, decentralized trading, and community governance; MAVRO serves as its core utility token for staking, node-related activities, ecological services, and governance.
3. Important Investments and Financing from Last Week
Hivemind Digital Group announced the completion of a strategic financing round of $17 million, led by the UK asset management firm M&G Investments, with participation from CPIC Investment Management (HK), ZA Bank (ZhongAn Bank), FalconX, Sonic Boom Ventures, and others. Hivemind Digital Group is the parent company of Hivemind Capital, positioned as a global asset management and fintech platform connecting traditional finance with the digital asset market, covering digital asset investment, private equity, digital asset treasury management, and tokenization infrastructure directions. (August 25, 2026)
City Protocol announced the completion of Seed and Pre-A financing rounds, raising a total of $11 million, with investors including Dragonfly, Jump Crypto, CMT Digital, Stratified Capital, Adaverse, and Mirana, among others. City Protocol is a foundational infrastructure protocol focused on on-chain structured products, seeking to bring structured investment strategies dominated by banks and financial management institutions in traditional finance onto the blockchain, providing integrated infrastructure for product issuance, strategy management, and distribution. (August 26, 2026)
The stablecoin Neobank Fasset announced the completion of a $68 million Series C financing round, led by Japan's SBI Group, valuing the company at $1 billion post-investment and officially entering the unicorn ranks. Fasset is a digital bank and cross-border finance platform based on stablecoins, primarily targeting markets in Asia, the Middle East, and Africa, providing stablecoin payments, cross-border settlements, and digital asset services, while further expanding into tokenized assets. (August 24, 2026)
4. Reference Links
1. Coingeck: https://www.coingecko.com/en/charts
2. Coinglass: https://www.coinglass.com/pro/i/FearGreedIndex
3. Sosovalue: https://sosovalue.com/zh/assets/etf
4. Ratiogang: https://ratiogang.com/
5. Defillama: https://defillama.com
6. L2Beat: https://l2beat.com/scaling/tvs
7. Footprint: https://www.footprint.network/public/research/chain/chain-ecosystem/layer-2-overview
8. Coinglass: https://www.coinglass.com/pro/stablecoin
9. https://www.hivemind.capital/
13. https://nxos.io/
Disclaimer: This article represents only the personal views of the author and does not represent the position and views of this platform. This article is for information sharing only and does not constitute any investment advice to anyone. Any disputes between users and authors are unrelated to this platform. If the articles or images on the webpage involve infringement, please provide relevant proof of rights and identity documents and send an email to support@aicoin.com. The relevant staff of this platform will conduct an investigation.