Three altcoins showed impressive growth in August, despite the overall market correction. This indicates that unique events in a project's life are more significant than the general market sentiment. I read that the focus was on Aerodrome Finance ( #AERO ), Kaspa ( #KAS ), and Sonic ( #S ).
Aerodrome Finance (AERO) turned out to be a true leader, as 89% of investors are bullish. This is largely due to the integration with Coinbase. Such news helped the project surpass even giants like Uniswap and Pancakeswap in trading volume on DEX Base. I saw that a record trading volume of $1 billion was recorded within 24 hours!
The second project, Kaspa (KAS), also has 89% bullish sentiment, despite some volatility. This optimism is linked to the upcoming launch of Kasplex Layer 2, which will pave the way for smart contracts and decentralized applications. It seems to me that strong community support also plays a huge role in the success of this project.
And finally, Sonic (S), which received 83% positive ratings. This was supported by important events such as fundraising for the decentralized exchange and the integration of the Ethereum Pectra update into its test network. Although its price has only risen by 13% since the beginning of the month, these steps have strengthened investors' confidence in the project.
All these examples show that one should not only look at general market trends. Important news, updates, and unique catalysts can help individual projects grow, even when the entire market is in correction.
