The shanzhai market saw several typical situations emerge in August: some brought positive expectations through buybacks, governance reforms, or new product expansions; at the same time, the large unlocks of certain projects require attention to potential selling pressure. AAVE: In the community proposal for August, a $2 million buyback plan was directly proposed, which can be seen as a clear support measure. The market will trust AAVE's actions of buying back with real money due to its small circulation.

UNI: The old problem is the lack of value capture; now the foundation has started to push the transaction fee switch, with V3/V4 income distributed to the DAO, which is key for UNI to tell its story again. The previously dormant chips may be awakened.

LINK: This time it directly expands to RWA, bringing US stock data onto the chain, synchronizing across 37 chains. To be honest, LINK is aiming to solidify its position as the top standard oracle; the market loves the RWA narrative, and this can be hyped.

DYDX: The foundation wants to apply for 8 million DYDX incentives; it depends on your interpretation. Activating the ecosystem is one aspect, but for the market, this basically equals potential dumping, a double-edged sword.

Looking at the unlocks:

APT: On August 12, 11.31 million tokens were just unlocked, and the buyers were mainly the team, foundation, and investors; those in the know understand.

AVAX: 1.67 million tokens were unlocked on the 15th, directly all given to the foundation.

ARB: 92.65 million were just unlocked today, still distributed to the team and early VC, the most toxic kind.

ZRO: 24.68 million tokens are set to unlock on the 20th, with claims of locking for a year before distribution, but the market won't wait for your explanation; the news will be seen as negative.

Currently, it is still an environment of expectations; targets that can push narratives (AAVE, UNI, LINK) are worth monitoring, while the unlocks (APT, AVAX, ARB, ZRO) can only be said to carry greater risks~