Overview of crypto market dynamics on August 23

1) Market trend:

The market showed a weak and volatile trend, and BTC's market share began to decline. BN frequently launched contracts for small and old coins.

The US stock market fell, and the rebound came to an end. The economic data in August was significantly lower than expected.

2) Market hot topics:

1. TRON's Sun rose sharply, and BN opened a new contract. Sun is the largest DEX on the TRX chain, and all the income of Sun Pump is used to repurchase Sun. DWF cooperates with SUM Pump.

2. Alpaca, a veteran DeFi, rose sharply, and BN opened a new contract.

3. Floki and Popcat of meme rose. Floki airdropped meme coins Cat to token holders. BN opened a new contract for Popcat, but did not launch spot.

4. Babylon of the BTC ecosystem began to pledge on the main network, and BTC's gas rose sharply. bn has investments in babylon.