August 22 Market Dynamics: Old DEFI Strongly Rebounds, V God Supports ETH Chain, AAVE Quarterly Revenue Hits New High

I. Market Dynamics

1. The market rebounds with fluctuations, the speculation on small and exotic stocks indicates liquidity exhaustion.

2. U.S. stocks rebound, Federal Reserve minutes suggest a rate cut in September.

II. Market Focus

1. Public chain FTM rises, will switch to new EVM public chain SONIC and launch developer reward program.

2. Public chain MATIC rises, ecosystem QUICK follows suit. MATIC will be switched to POL on September 4th mainly because all old coins have been released and switching to new coins can continue issuance.

3. Old DEFI's FXS, UNI, AAVE, AEVO etc bounce back.Vitalik openly calls for ETH chain; AAVE's quarterly revenue exceeds the peak of last bull market.