Announcements Gate Research: Ethereum Mainnet Revenue Drops by 99%, Expectations for Bank of Japan Rate Hike Heats Up

Gate Research: Ethereum Mainnet Revenue Drops by 99%, Expectations for Bank of Japan Rate Hike Heats Up

2024-09-04 13:25:48 UTC 10972 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
![](https://gimg2.gateimg.com/image/article/1725458696twi_en.jpg)

Gate Research Daily Report: September 4, Both Bitcoin and Ethereum experienced significant declines In the last 24 hours, with market performance appearing weak. Bitcoin ETFs saw net outflows of $280 million, while Ethereum ETFs had net outflows of $47.4 million. The Governor of the Bank of Japan stated that interest rate hikes would continue if economic and inflation data meet expectations. Additionally, Aave has partnered with Sky to launch the Sky Aave Force initiative. In the last 24 hours, the crypto sector raised a total of $18.8 million, covering areas such as GameFi and blockchain security. On September 2, Ethena Labs announced the launch of its Season 3 airdrop campaign.

**Market Analysis**: Bitcoin experienced a significant drop in the past 24 hours with increased trading volume, while Ethereum showed weakness, finding support around the $2,300 level.
**Top Performers**: The most popular tokens over the past 24 hours were UXLINK, QUICK, and HARD.
**Data Highlights**: Due to multiple factors, Nvidia's stock price fell by 9.53%, leading to a sharp decline in the U.S. semiconductor sector.
**Spotlight Analysis**: The Bank of Japan's governor stated that interest rate hikes will continue if economic and inflation conditions meet expectations.
**Market Opportunities**: Ethena Labs announced the launch of its third airdrop campaign on September 2, continuing and expanding the content from the second season.

Explore today's details  👉🏻 [Gate Research: Ethereum Mainnet Revenue Drops by 99%, Expectations for Bank of Japan Rate Hike Heats Up](https://www.gate.io/learn/articles/gate-research-ethereum-mainnet-revenue-drops-by-99-percent-expectations-for-bank-of-japan-rate-hike-heats-up/3996?ch=GDR_ann_20240904&utm_campaign=TR_incpN7e6&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=)

**Gate Research **
Gate Research is a comprehensive blockchain and crypto research platform, providing readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Click the Link to learn more 👉🏻 [https://www.gate.io/explore](https://www.gate.io/learn/topics?category=Research&page=1&sort=updated_at "https://www.gate.io/explore")

<sp>
Gateway to Crypto
Trade over 1,700 cryptocurrencies safely, quickly, and easily on Gate.io

Download Gate.io [App](https://www.gate.io/mobileapp?ch=ann28618 "App") / [Web](https://www.gate.io/mobileapp "Web") Client now>>>
Follow us on [Gate.io X (Twitter)](https://twitter.com/gate_io "Gate.io X (Twitter)") to get more bonuses>>>
Join our [Telegram](https://t.me/gateio_en "Telegram") to discuss hot topics>>>
Join our [Global Community](https://www.gate.io/community "Global Community") to get more updates>>>
We provide [100% proof of reserve](https://www.gate.io/proof-of-reserves "100% proof of reserve")>>>
[Sign up](https://www.gate.io/signup "Sign up") to enjoy max. $6666 in rewards exclusively for new users
Get 40% commission from [referrals](https://www.gate.io/referral "referrals")

Gate.io Team
September 4th, 2024

Change & Chart Start-End Time

Rise/Fall Color

Pay With

Gate Research: Ethereum Mainnet Revenue Drops by 99%, Expectations for Bank of Japan Rate Hike Heats Up

Gate Research: Ethereum Mainnet Revenue Drops by 99%, Expectations for Bank of Japan Rate Hike Heats Up

Select language and region

Select your region

Fiat Currencies