August DApp Report: On-chain activity cools down, while NFT continues to recover
The August DApp industry report shows that although overall on-chain activity has cooled, several key areas are still showing strong development momentum.

The August DApp industry report shows that although overall on-chain activity has cooled, several key areas are still showing strong development momentum.
United States, Cryptocurrency, Federal Reserve, The wave of U.S. bankruptcies in 2025 and its profound impact on the economy and markets Golden Finance, In 2025, the U.S. economy is at a critical crossroads.
Tokenized Pokémon cards are at the center of a new on-chain collectibles boom, with Solana-based platform Collector Crypt driving a surge in activity across both token markets and trading volumes.
Today marks the 8th anniversary of one of the most pivotal turning points in crypto history — the day China abruptly pulled the plug on Initial Coin Offerings (ICOs) and ordered the shutdown of all domestic cryptocurrency exchanges.
Recommended reading tonight: 1. The first truly on-chain US stock: A detailed explanation of the Galaxy GLXY tokenization; 2. Who is Superstate, the dark horse in stock tokenization?; 3. Jack Ma also buys cryptocurrency? Ethereum welcomes a "new big brother";
In a landmark move for both blockchain and traditional finance, China’s state-owned Futian Investment Holding has issued the world’s first public real-world asset (RWA) bond on the Ethereum blockchain—reflecting a significant, if selective, embrace of digital asset infrastructure by the Chinese financial sector.
World Liberty Financial (WLFI), the Trump-affiliated crypto project, has initiated its first token burn just days after launch, aiming to stabilize prices and restore investor confidence following steep post-debut volatility.
OpenAI has increased its employee share sale from $6 billion to $10.3 billion, letting current and former staff sell part of their stock. The sale, at a $500 billion valuation, involves major investors like SoftBank and reflects strong demand for the company’s private shares.
Thailand is scrambling to hold an election before the end of the year, after the caretaker Prime Minister Phumtham Wechayachai reportedly tried to seek the royal's approval to dissolve the House of Representatives.
Air China has partnered with Webus to let PhoenixMiles members pay for travel services using XRP, potentially reaching 60 million customers. The project’s rollout depends on regulatory approval and faces risks from XRP’s price volatility.