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Aave (AAVE/USD) has been on a rollercoaster ride over the past year, trading at $146 on 1 March 2022, then dropping to $52.4 on 1 January 2023, and finally trading at $83.2 on 1 March 2023. At press time, AAVE/USD was valued at $72.7 after posting 3.6% gains in the last 24 hours.
MakerDAO and Aave saw notable gains, while Curve and Uniswap declined in terms of TVL in March. This article will discover how these and other DeFi protocols behaved in March.
Aave has been on a downtrend over the past week, causing the coin to slip below $70. However, as the broader market strengthened, Aave rose on its chart and breached the $70 level.
A widely followed crypto analyst is identifying five altcoin projects that he believes have the potential for massive growth. In a new video update, Coin Bureau host Guy Turner says he is bullish on the lending and borrowing decentralized finance (DeFi) protocol Aave (AAVE).
Aave's [AAVE] TVL reached a YTD high on 24 March, while the NFT volume surged in the last week. The rejection of Bitcoin [BTC] near the $28k resistance region shifted sentiment to the bearish side across the market.
Aave price analysis shows a distinct decline in place for the token, as price continued to descend lower for the 5th consecutive day. The token lost another 3 percent in price over the past 24 hours to move as low as $71, after initially dropping off from $81.9 on March 18.
The Total Value Locked of Aave [AAVE] gained as much as 8.69% in the week ended 25 March. The rise in unique smart contract deposits made the protocol the best-performing one as the overall TVL hit $5o.01 billion — a Year-To-Date (YTD) high.
The Aave price analysis confirms a decreasing trend for cryptocurrency today as the coin value has degraded. The market has been following a bearish trend after a peak at $80.38 and has fallen to the current value of $74.68.
Aave has been securing steady gains over the past few days. Over the last 24 hours, the altcoin gained nearly 1.4%.
Bitcoin [BTC] has see-sawed from $28400 to $27300 over the past 24 hours until press time. The Fed's policy meeting on 21 and 22 March could see the king of crypto break out of this short-term range.
Aave announces that Chainlink automation has been chosen as the backbone of its AAVE robot technology. Aave made this known in a post that further details the structure of the AAVE Governance V3.
AAVE holders endured a 12% loss in February. Yet, several on-chain metrics signal an extended price slump.
Coinbase might be set to integrate several other protocols with Base, starting with Aave and Uniswap.
A person familiar with the process said UniSwap would probably appear on Base in a couple of months.
Aave, a popular decentralized lending protocol, has recently taken action to mitigate the impact of stablecoin price volatility in the DeFi ecosystem. This decision has led to concerns over the stability of stablecoins and the need for effective risk management measures in the DeFi ecosystem.
In response to the recent price volatility on stablecoins, particularly after the USD Coin (USDC) depegged on 11 March, lending protocol Aave, has suspended trading of the USDC, USDT, DAI, FRAX, and MAI on its V3 deployment on the Avalanche network.
The fall of SVB has brought a shockwave to many investors in the crypto community. While major firms and large stablecoin issuers faced the heat, the DEX sector of the crypto space, managed to see growth.
Lending protocol Aave has temporarily halted trading of stablecoins and set the loan-to-value (LTV) ratio to zero due to the recent price volatility on USD Coin (USDC) following its depegging on March 11. Aave's decision was based on an analysis by decentralized finance risk management firm Gauntlet Network, which recommended a temporary pause of all v2 and v3 markets.
The trading freeze follows an analysis from DeFi's risk manager firm Gauntlet Network considering different scenarios for the USD Coin price.
Aave DAO has passed a proposal called “Rescue Mission Phase 1 Long Executor” to recover lost AAVE, LEND, Tether, UNI, and staked AAVE tokens that were mistakenly sent to certain token contracts in the past. This proposal authorizes Aave developers to upgrade the smart contracts and send the lost tokens back to their original owners automatically.
According to Paidun's monitoring data, a new transaction using USDC was spotted on March 11.
The plan intends to allow developers to recover tokens from certain AAVE contracts and send them to owners who transferred them by mistake.
Aave DAO delegates have voted in favor of a proposal to rescue tokens lost by users of the DeFi lending protocol.
Marc Zeller's proposal to offboard Binance USD (BUSD) stablecoin from Aava's V2 lending and borrowing market on Ethereum garnered massive support from the Aave community. The action plan aims to “reduce the amount of liquidity in BUSD” and incentivize users to leverage other stablecoin tokens on Aave.
