In August, the alts market presented a complex situation, with some projects boosting market confidence through active reform measures, while others faced potential sell pressure from unlocks.



AAVE has launched a $2 million buyback program, a substantial move that is expected to enhance investor confidence. The small circulation AAVE's action of using real money for this buyback is likely to receive a positive response from the market.

UNI has long faced the issue of insufficient value capture. Now, the foundation is beginning to promote measures such as the fee switch and the allocation of V3/V4 revenue to the DAO, which may become key to reshaping the market narrative for UNI and is expected to activate the long-dormant chips.

LINK is expanding its business into the realm of Real World Assets (RWA), bringing US stock data onto the blockchain and synchronizing across 37 chains. This move not only solidifies LINK's position as the leading oracle but also caters to the market's enthusiasm for RWA, potentially sparking a new wave of attention.

The DYDX Foundation has applied for 8 million DYDX for ecological incentives, a decision that may have a dual effect. While it can help activate the ecosystem, the market may see it as a potential sell pressure factor.

Meanwhile, multiple projects are facing the pressure of token unlocks. APT unlocked 11.31 million tokens on August 12, mainly taken over by the team, foundation, and investors. AVAX's 1.67 million tokens unlocked on the 15th all belong to the foundation. ARB unlocked 92.65 million tokens today, mainly allocated to the team and early venture capitalists. ZRO will unlock 24.68 million tokens on the 20th. Although it promised to lock them for a year before releasing them in installments, the market may have already reacted negatively to this news.

Overall, the current market is still in a phase dominated by expectations. Projects like AAVE, UNI, and LINK that can drive positive narratives are worth paying attention to, while projects like APT, AVAX, ARB, and ZRO that are facing large-scale unlocks may face greater risks. Investors need to weigh these factors when making decisions and closely monitor market trends.
AAVE-2.91%
UNI-3.86%
RWA-4.61%
DYDX-3.54%
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ChainWatchervip
· 08-16 14:50
So many coins unlocked, it's over.
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OnchainSnipervip
· 08-16 14:47
Unlocking explosive sales, time to buy the dip!
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GmGnSleepervip
· 08-16 14:29
August has been so tough, right? Collapse, collapse, collapse.
View OriginalReply0
GasWastervip
· 08-16 14:22
Look at this market, all kinds of trapped, feeling flustered, right?
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