August 23 · Quick Overview of the Latest Web3 Developments

1️⃣ The Ethereum ecosystem experiences a strong rebound, with the price of $ETH breaking historical highs at $4,887, and $BNB surpassing $900, while average gas fees drop to a low of 0.4 gwei, leading the market in the staking sector.

2️⃣ Multiple institutions, including Grayscale and Bitwise, have submitted revised XRP spot ETF applications, indicating a gradual clarification of the regulatory environment.

3️⃣ The total value locked in the DeFi protocol Pendle exceeds $10 billion, setting a historical record and reflecting the ongoing growth in the liquidity management sector.

4️⃣ The market capitalization of DePIN projects has soared to $17.9 billion, with over 1,500 projects rapidly adopted, providing individuals with passive income opportunities.

5️⃣ Cryptocurrency PR agencies have driven Web3 project growth by over 100%, helping emerging tokens and NFT projects stand out through media exposure and community strategies.

Today, the DePIN sector and career development in the web3 field have become highlights, further solidifying the market foundation through innovation and talent mobility.