Crypto Market Booms in August, Driven by Ethereum ETFs and DeFi Activity

August saw the crypto market experience its busiest month since January, driven by surging trading volumes across both centralized and decentralized platforms. Spot volumes soared to nearly $1.9 trillion on major exchanges, a significant indicator of renewed investor confidence. Binance led the charge with over $737 billion in trades, marking its strongest performance in seven months. Meanwhile, Bybit and Bitget battled for second place, with Bybit narrowly edging out Bitget by just $0.4 billion.