Gate Research: Crypto Market Rebounds Amid Volatility | Google Cloud Unveils GCUL L1

On August 27, the crypto market saw a volatile rebound with major tokens broadly rising. Google Cloud launched its financial-grade Layer 1 blockchain, GCUL, aiming to set a new standard for on-chain financial infrastructure. Aave’s TVL reached a record high, approaching the scale of a top-50 U.S. commercial bank, highlighting the growing potential of DeFi as a traditional finance alternative. Among top-performing tokens, IP rose 10.82% driven by momentum in AI-powered creator economies, AURORA surged 69.12% on ecosystem expansion and a stablecoin chain proposal, and NMR jumped 134.25% following institutional interest and its positioning as an AI hedge fund narrative.