AAVE bounces off its 50-day moving average; are the bulls back?
Aave's ecosystem has maintained healthy development activity which could boost investor sentiment. These findings could support the case for AAVE's bullish recovery.
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Aave's ecosystem has maintained healthy development activity which could boost investor sentiment. These findings could support the case for AAVE's bullish recovery.
The crypto market continues to gain a bullish move for almost a week as the top cryptocurrencies are trading in the green. On the other hand, midcap altcoins such as AAVE price continue to struggle to hold their price as the coin continues to bleed.
AAVE bulls aimed to sustain the uptrend with a price bounce from the $61 support level.
Gauntlet proposed that Aave should deprecate the Mai stablecoin from lending services due to a large depeg.
A trader on Aave, a decentralized liquidity protocol operating on multiple platforms, including Ethereum and OP Mainnet, has begun selling wrapped Bitcoin (WBTC) to repay outstanding debt, records on October 13 reveal. WBTC is a tokenized version of Bitcoin issued on Ethereum that allows holders to engage in decentralized finance (DeFi) activities.
Aave's TVL growth underscores the robust inflow of liquidity into the ecosystem. While this indicated that the token was growing for the good, a few other metrics that pointed out Aave's ongoing upward trajectory.
Despite cryptocurrency market turmoil, Aave has thrived, amassing $11 million in YTD revenue, showcasing its resilience amid market fluctuations. However, can the same be said about the AAVE token?
AAVE experienced a double price rejection at the $70 resistance with the bullish rally failing to cross a key price hurdle.
Bitcoin's price hasn't moved much, but a number of DeFi tokens are on the up.
As the crypto industry experienced 3 out of 5 green days, the market has turned out to start trading in the month of October on a bullish note. Moreover, the crypto space has begun to gain momentum, giving hopes of a possible rally during the month.
AAVE reclaimed a crucial July support and could present buying opportunities if BTC doesn't post more losses.
AAVE's ratio of daily transaction volume in profit to loss climbs to its highest level
Bitcoin tends to rally in October, possibly opening the door for MKR, AAVE, RUNE, INJ and other altcoins.
Egorov paid off Aave debt but still holds considerable debt, around $42.7M, in four DeFi networks.
The settlement of the Aave loan eased the looming contagion fears, with Egorov's total debt now reduced by over 50%.
Michael Egorov, founder of Curve Finance, has settled his loan on the Aave Protocol and cut his total debt to $42.7 million. Egorov's DeFi debt profile was revealed on August 1 following a Curve Finance hack that extracted $73.5 million worth of assets across various liquidity pools.
Michael Egorov, the co-founder of Curve Finance, has completely settled his debt on Aave by depositing 68 million CRV
Curve Finance founder Michael Egorov has successfully settled his outstanding debt position on the decentralized lending platform Aave, as indicated by on-chain data observed by web3 data analytics provider Lookonchain. Currently, Egorov maintains a collateral of 253.7 million CRV, equivalent to $132 million.
As Lookonchain reveals, in order to fully close his still-open debt position on Aave, Egorov had to borrow more than ten million crvUSD and exchange them into USDT.
Curve founder Michael Egorov has deposited 68 million CRV tokens ($35 million) to settle his entire debt position on DeFi lending platform Aave, according to blockchain analytics firm Lookonchain.
Curve Finance founder Michael Egorov still has debt of $42.7 million across four protocols including Silo, Fraxlend, Inverse and Cream.
Curve founder Michael Egorov has settled his remaining debt position on the decentralized lending platform Aave, according to on-chain data.
The Aave community approved the deployment of the protocol on Polygon zkEVM in landmark vote.
As MakerDAO loses traction due to a drop in its DAI Savings Rate, Aave has returned to being the second-largest DeFi protocol in terms of TVL after Lido.
