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Amidst a tumultuous week, Aave faced a record $300 million in liquidations due to a plummet in Ethereum prices.

Here is how some of your favorite assets concluded the week.

The cryptocurrency market experienced a significant plunge, with many assets suffering sharp declines. However, Aave has managed to maintain a relatively stable position compared to its peers.

The show of relative strength against Bitcoin a week ago was quickly annihilated, which did not bolster investor confidence

TL;DR Aave DAO and Trident Digital launch a $100 million on-chain fixed-yield loan to offer a secure and stable investment in DeFi. The product is designed to provide certainty in rates and terms, reducing exposure to market volatility.

Aave DAO, Trident Digital, TokenLogic, and on-chain aggregator IntoTheBlock joined hands for the first $100 million fixed yield loan launch.

AAVE token price has remained in a narrow range since 2022, but some analysts believe that it could be ripe for a breakout as the accumulation continues. AAVE (AAVE) was trading at $97.75 on Thursday, Aug.

Aave (AAVE) is proving its resilience amid recent turmoil. Following a broad market decline on August 5, 2024, which saw significant drops across various assets, Aave has managed to stand out, maintaining a relatively stable performance compared to many other cryptocurrencies.

The collaboration aims to provide a secure, stable investment option, mitigating traditional market volatility and risks for lenders.

Aave (AAVE), a leading decentralized finance (DeFi) lending platform, recorded a remarkable $2.1 million in daily revenue following a wave of loan liquidations.

Aave, a leading decentralized finance (DeFi) lending protocol, has showcased remarkable stability and resilience. While the broader crypto market grappled with significant price fluctuations, Aave has not only withstood the stress but has also seen a boost in its revenue from fees.

Aave generated $2.1 million in daily revenue amid a flood of cascading loan liquidations on Tuesday, based on TokenLogic data.

DTX Exchange, after raising $1 million in a short period of time, has again made history with more than 12,000+ sign ups just after its two-month launch. Traders and investors are aggressively signing up for the platform, which is the first hybrid exchange.

No sooner than Bitcoin reclaimed $57,000, the market participants appear to have become hopeful of the upcoming trend. Furthermore, some altcoins have retained significant profits even during the recent collapse and thus may emerge as top performers in the next bullish action.

As the crypto market shows recovery, here's how AAVE is responding.

Crypto lending protocol Aave restarts its bullishness as the market resets. AAVE, the namesake token of the platform, surged to nearly 20% in the past 24 hours, capturing the momentum of the broader market which is still up by over 5% since yesterday.

Yesterday's market downturn brought unexpected gains for the decentralized finance protocol Aave.

Aave liquidations caused risk to individual wallets, but at the protocol level, the lending platform held up and kept the peg of the GHO stablecoin.

Cryptocurrency prices staged a strong comeback in the overnight session as investors remained optimistic about the industry and the potential for a Federal Reserve intervention. Bitcoin price jumped to a high of $56,000, adding over 7000 points from its lowest point on Monday. Ethereum rose to $2,525.while Stellar Lumens (XLM) price rose to $0.

Aave's $6M revenue surge was driven by decentralized liquidations, including a $7.4M WETH position generating $802K.

In recent weeks, Bitcoin has faced a tough market environment, experiencing a sharp 11.25% drop since its peak on July 29th. This decline has been part of a broader trend affecting major cryptocurrencies.

Decentralized finance protocol Aave generated more than $6 million in revenue as the crypto prices plummeted. Stani Kulechov, founder of Aave (AAVE), said in a post on X on Aug.

Leading DeFi platform Aave Protocol generated over $6 million in revenue during the current market downturn. On-chain data shows that Aave earned $802,000 from a $7.4 million wrapped Ether (WETH) liquidation, reflecting a surge in liquidation activity on the platform.

The AAVE lending and borrowing protocol made an overnight revenue of around $6 million amid the heavy crypto liquidations led by Ethereum.