DeFi rises again as Aave hits new ATH in weekly borrowers
Layer-2 chains Base and Scroll have contributed to Aave's recent borrower and depositor growth.
Keep up with what's happening in the crypto world in real-time.
Layer-2 chains Base and Scroll have contributed to Aave's recent borrower and depositor growth.
The Chart of the Week series has consistently delivered accurate predictions, and the past two weeks' focus on Aave and Sui is no exception. Both tokens moved as anticipated, allowing traders to hit profit targets and realize substantial gains.
As major cryptocurrency prices dipped – despite US Consumer Price Index (CPI) inflation data suggesting potential interest rate cuts by the Fed – traders sought refuge in the altcoin market, focusing on the day's top crypto performers.
The crypto market has seen a lot of activity lately, with some token prices rising very high. Aave (AAVE) and Mantle (MNT) have soared recently, which has caught many traders' eye. Even big-time analysts like Michaël van de Poppe and Sjuul are paying attention to them.
Popular analyst Michaël van de Poppe shares a list of altcoins that could bounce off more strongly after the last dip. This comes as crypto markets reel from the recent correction that saw Bitcoin (BTC) test the depths of $49,000.
The AAVE price witnessed a temporary ease from selling pressure on Monday's trading session, registering a 3% rise to $94. However, as the pioneer cryptocurrency, Bitcoin struggled to sustain above $60000, the altcoin market witnessed an intense overhead supply, signaling the potential for a prolonged downfall.
The Aave protocol has encountered a record-breaking $300 million in liquidations, triggered by a significant drop in Ethereum prices. This unprecedented liquidation event has impacted Aave's performance and its native token, AAVE, raising questions about the future stability and profitability of the protocol.
After going all-in on altcoins three months ago, professional crypto trader Michaël van de Poppe has shaken up his altcoin portfolio, adding cryptocurrencies he considers will offer solid returns on investment (ROI) following the recent crash.
The crypto market experienced wild fluctuations over the past week, with bears taking the charge. Amidst the downside, the Aave protocol saw historic liquidations. IntoTheBlock revealed that AAVE witnessed approximately $300 million in liquidations last week, the highest ever.
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.