Alchemy Pay was the best performing cryptocurrency in August among the top 300 coins, as the Singapore-based crypto-fiat hybrid payment solution provider’s ACH token exploded in value following a partnership with crypto juggernaut Binance.

The Alchemy Pay coin jumped from around US0.004c to as much as US15c after the partnership was announced August 3.

The partnership with Binance will allow users of the Binance App spend their crypto at Alchemy Pay network merchants, including e-commerce giant Shopify.

By the end of the month, ACH had cooled somewhat, trading at 9.7c, but it still finished the month up more than 1,600 per cent.

The ERC-20 token is the No. 243 crypto, with a market cap of US$306 million.

The second-best gainer among top 300 coins was No. 171 token Bifrost (BFC), with a 761 per cent gain for the month.

The surge came after BiFi Lending launched a protocol to allow Bitcoin holders to take part in decentralised finance activities such as lending and borrowing using the BFC token.

That’s been possible before only through the use of tokenised BTC traded on the Ethereum network. BiFi says “this is the world’s first DeFi lending that works across native chains. We connect Bitcoin and Ethereum networks directly.”

Binance Smart Chain optimised yield farming and NFT platform Mobox was the No. 3 gainer in August. The No. 229 coin, Mobox tokens rose 473 per cent.

On the flipside, the Smooth Love Potion token used in the Axie Infinity game was the biggest decliner in August, falling 50 per cent.

So far this year, BakerySwap‘s BAKE token has been the biggest gainer among top 300 coins, rising 18,000 per cent.

AXS, the other token used in the Axie Infinity game, is second with a 13,000 per cent rise, according to Cryptorank.

Dogecoin has been the biggest gainer among top 300 coins in the past 12 months, with an 8,500 per cent rise. (Not including coins less than a year old).

Rank Coin August YTD One-year
273 Alchemy Pay (ACH) 1656.8% 2744.9%
171 Bifrost (BFC) 761.4% 1416.4%
229 MOBOX (MBOX) 473.4%
49 Arweave (AR) 456.9% 2337.8% 884.1%
44 Bitcoin Cash ABC (BCHA) 423.7% 1077.6%
286 Wilder World (WILD) 419.8%
190 DerivaDAO (DDX) 310.1% 338.0%
275 Request Network (REQ) 291.3% 667.6% 506.5%
125 IoTeX (IOTX) 260.4% 1053.7% 620.2%
116 Raydium (RAY) 250.6%
223 Automata Network (ATA) 247.0%
114 Coin98 (C98) 237.8%
234 TrueFi (TRU) 228.2% 290.0%
121 Ergo (ERG) 213.4% 4108.3% 1304.4%
189 Radicle (RAD) 202.9%
128 Yield Guild Games (YGG) 202.5%
8 Solana (SOL) 199.8% 7271.5% 2449.3%
12 Terra (LUNA) 198.0% 4687.9% 6394.9%
24 Avalanche (AVAX) 193.0% 1229.6%
228 Smooth Love Potion (SLP) -50.1% 522.8% 60.7%
127 BitClout (CLOUT) -38.1%
254 MaidSafeCoin (MAID) -37.5% 44.5% 267.6%
54 Amp (AMP) -27.6% 700.7%
185 Zelwin (ZLW) -24.2% 7.4% -2.8%
203 WOO Network (WOO) -17.6% 2122.7%
172 Chia Network (XCH) -15.8%
62 Celsius (CEL) -11.5% 1.4% 1205.2%
296 Sologenic (SOLO) -10.1% 7.3% 8.8%
222 HBC Token (HBC) -10.0% 315.0% 245.2%
133 Pirate Chain (ARRR) -7.1% 1513.6% 3512.7%
142 BakerySwap (BAKE) 32.2% 18237.2%
37 Axie Infinity (AXS) 70.3% 12980.4%
89 Telcoin (TEL) 11.9% 12565.6% 6303.3%
123 Ecomi (OMI) 25.8% 9780.2% 7343.9%
19 Polygon (MATIC) 24.7% 7676.3% 5209.8%
239 Verasity (VRA) 186.7% 7604.5% 2318.9%
7 Dogecoin (DOGE) 34.2% 5848.1% 8500.4%
71 Fantom (FTM) 181.7% 4167.7% 1774.5%