Keep up with what's happening in the crypto world in real-time.
All Filters (1)
Aave (AAVE) recently surged by 25.3%, hitting a peak of approximately $102.2 over the past week amidst a broader cryptocurrency market uptrend fueled by Justin Sun's $21M AAVE and MKR deposit into Binance. However, the momentum has since slowed, with Aave's price retracing to around $99.
Three Ethereum (ETH)-based altcoin projects are seeing a massive increase in network activity, according to blockchain analytics platform Santiment. The post Render (RNDR), Aave and One More Ethereum-Based Altcoin Showing Notable Address Activity Growth: Santiment appeared first on The Daily Hodl.
Since last weekend, the majority of major cryptocurrencies witnessed a high momentum recovery, following the Bitcoin upswing above $64000. The recent uptick in market sentiment is highlighted by the initiation of new long positions in futures markets, heightened activity from large-scale investors, and a surge in bullish commentary across social media platforms.
AAVE price rallied for eight straight days, reaching its highest level since June 6th. It has jumped by over 45% from its lowest point this month.
Here is how some of your favorite assets concluded the week.
Aave, the top gainer over the past week, has fewer token holders. For Aave to remain in the bullish zone, its RSI would need to cool down below the 50 mark.
The consolidation trend in the cryptocurrency market continues as the leading digital asset Bitcoin struggles to sustain above $58000. Amid the uncertainty, the Ethereum price and altcoins under its ecosystem show a slight uptick due to market speculation of spot ETH ETFs getting approved around mid-July.
A crypto whale is accumulating massive amounts of Uniswap (UNI) and Aave (AAVE), according to on-chain data. Blockchain tracking firm Lookonchain reports that the deep-pocked investor abruptly spent $4 million to add more UNI, the native asset of the decentralized exchange (DEX), and AAVE, a money market protocol, to his digital asset holdings.
As the bullish trend in the crypto market regains momentum, the recent recovery brings a refreshing shift in the DeFi space. With the rising demand for AAVE and UNI for staking activities, these altcoin prices are ready for a trend reversal.
Is alt season starting? While blue-chip crypto currencies mostly trade sideways, altcoins post impressive gains of up to 11%.
Aave's expansion has increased competition among other DeFi projects.
Ethereum isn't the only altcoin affected by the SEC's delay.
Since last week, Bitcoin has been trying to recover after dipping to $58,562. Although it nearly reached $63,976 on July 1, increased selling pressure and continued selling of Bitcoin by the German government forced its price back down to $60,490, reflecting a 3.6% drop.
Enhanced interoperability: the crucial role of Chainlink in the success of GHO.
The stablecoin was launched on the Ethereum mainnet by Aave over a year ago. GHO will use the widely used Chainlink Cross-Chain Interoperability Protocol (CCIP).
The deployment of the GHO stablecoin on the Ethereum layer-2 network will leverage Chainlink's CCIP interoperability protocol.
Aave DAO has introduced its multi-collateralized stablecoin, GHO, on the Arbitrum network. This move marks the first step in the DAO's phased strategy for cross-chain expansion. Aave DAO Begins Cross-Chain Expansion With GHO on Arbitrum According to an announcement, Aave DAO has launched GHO on Arbitrum, utilizing the Chainlink Cross-Chain Interoperability Protocol (CCIP).
TL;DR Aave has launched its GHO stablecoin on Arbitrum, initiating its planned multi-chain expansion and allowing users to mint and burn GHO natively with version v3. The integration with Arbitrum aims to reduce fees, speed up transactions, and enhance GHO liquidity, backed by multiple collaterals with a market capitalization of $89.1 million.
A year after Aave activated the GHO stablecoin on the Ethereum mainnet, it is now launching it on Arbitrum.
This move underscores Aave's commitment to expanding its decentralized finance (DeFi) footprint beyond EVM blockchains. Aave Labs has already developed integration code and successfully deployed it on the Aptos testnet.
TL;DR Aave V3 will be deployed for the first time on a non-EVM-compatible blockchain, Aptos, marking a milestone for the DeFi economy. Aptos offers a capacity of over 30,000 transactions per second (TPS), predictable low costs, and advanced security with the Move programming language, ideal for high-performance DeFi applications.
The Aptos Foundation has proposed the first deployment of Aave Protocol v3 on a non-EVM blockchain.
The Aptos Foundation has introduced a proposal to deploy Aave V3 on the Layer 1 blockchain Aptos' mainnet.
Aptos is working with Aave to complete what is potentially the first non-EVM deployment expansion for Aave. The post Aptos Foundation proposes Aave V3 deployment, marking first non-EVM expansion appeared first on Crypto Briefing.
