Defi Giant Aave Rakes in $6M in Revenue as Crypto Market Plunges
The founder of decentralized finance protocol Aave said the platform generated $6 million worth of revenue during Monday's crypto market sell-off.
Keep up with what's happening in the crypto world in real-time.
The founder of decentralized finance protocol Aave said the platform generated $6 million worth of revenue during Monday's crypto market sell-off.
Here is how some of your favorite assets concluded the week.
Bitcoin may find buyers close to $56,000, benefitting select altcoins such as SOL, XRP, KAS, and AAVE.
The mean coin age metric has slowly trended higher since early July, a sign of accumulation, but velocity augured volatility.
This week, the crypto market witnessed a notable correction following the pioneer digital asset Bitcoin. From Monday's peak of $70000, the BTC price is 11.6% to trade at $61862, bolstering a fresh correction trend in most major altcoins.
The cryptocurrency market has continued to fall, with losses starting in mid-July. The crypto market has lost about 3.2% of its value, and most cryptocurrencies are trading in red. However, AAVE is an exception, gaining nearly 19% in the past 7 days. Currently trading at $117.40, AAVE has hit its highest level in three months.
Aave (AAVE) has surged by 64.7% in less than a month. With such a strong rally, the question now is whether AAVE can continue its upward momentum or if it faces a potential pullback.
The price of AAVE, the governance token for the leading lending protocol Aave, has been on an uptrend since July 5. Currently trading at $115.80, it has reached its highest level in the past three months.
Aave's price saw a surge of over 10% amid heightened whale activity as the market recovered from a recent drop. Aave (AAVE) has become the 55th largest cryptocurrency, with its market cap exceeding $1.
AAVE, the decentralized finance (DeFi) token underpinning the Aave protocol, is currently at a pivotal point. The token's price has recently faced significant resistance at $107.50.
Aave is a decentralized non-custodial liquidity protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers can borrow in an over-collateralized (perpetually) or under-collateralized (one-block liquidity) fashion.
AAVE price has risen by more than 14 percent in the last week, with a notable spike in whale activity in the last two days. But will it hold?
As blue-chip cryptocurrency markets remain subdued despite growing tailwinds from traditional asset markets, traders hunting for top crypto performers today are turning to smaller and lesser-known altcoins that might be able to deliver strong gains.
Aave continued its rally after announcing a custom Lido V3 vault, offering loans against a collateral of wstETH.
As major cryptocurrencies nurse losses, despite a dovish reaction in traditional financial markets to the latest Fed policy announcement where the US central bank opened the door to a rate cut in September, traders are looking for which crypto to buy today to take advantage of the market's latest dip.
Decentralized finance protocol Aave is seeing a significant spike in whale activity as the market looks to bounce from the recent dump that pushed most altcoins to key support areas earlier this week.
AAVE price is on a bullish run propelled by excitement around its latest upgrade. We discuss how high it could go in the near term.
The Aave ecosystem has grown to a mature lending and borrowing platform with over $109M in community treasury and $21B in locked liquidity.
The AAVE price has sustained a strong rally over the past week, resisting the broader market's supply pressures. Despite Bitcoin's price pullback from $70,000 on Monday, which reintroduced supply pressure across the altcoin market, AAVE has remained resilient.
Following a strong rally that took it past the $70,000 mark, Bitcoin (BTC) has lost considerable momentum, with the price dipping below $66,000 during the ongoing session.
TL;DR Aave V3 ETH Lido Pool: The Aave Decentralized Autonomous Organization (DAO) has introduced the Aave V3 ETH Lido Pool, a custom liquidity pool specifically designed for Lido Finance's stETH and wstETH tokens.
The new Aave V3 ETH Lido Pool is designed to improve ETH borrowing and lending dynamics by isolating the Lido tokens.
Maker (MKR) Price Poised to Hit $3000 Maker price has been training within a strong ascending trend ever since the trend broke out of the consolidation during H2 2023. While volatility surged heavily, causing a 150% rise since the start of the year to mark interim highs close to $4000.
Following the release of Mark Zeller's “temp check,” AAVE has added $188 million to its market cap.