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Crypto borrowing and lending platform Aave is moving closer to offboarding Binance's troubled stablecoin BUSD.

The Aave community has voted in favor of ARFC's "BUSD delisting plan," which proposes an exit strategy for BUSD on the Ethereum Aave V2 market.

Aave [AAVE] deployed its V3 iteration on the Ethereum network on 27 January, attracting $257.08 million in deposits and $139.14 million in loans, data from the decentralized lending and borrowing protocol showed.

A crypto whale who masterfully traded Ethereum (ETH) to the tune of $36 million in profit last year is once again in accumulation mode. According to the on-chain analytics firm Looksonchain, the whale appears to be a smart money institution that bought ETH at the bottom and sold it at the top in 2022.

The Lido protocol was on an impressive run over the past few months. However, due to the FUD caused by the recent SEC speculation, the Lido protocol was impacted negatively.

In a recent report, Brave Browser said that over 11% of BAT, their native token, is being actively utilized in DeFi protocols, mainly in Uniswap and Compound. BAT Usage In Compound, Uniswap, And Aave Brave, a privacy-focused browser that rewards users with Basic Attention Token (BAT) when they view advertisements, said more than 167 million BAT were locked in DeFi protocols in 2022.

AAVE traded in the $73 – $95 range in the past few days. Bitcoin [BTC] sharp decline on Thursday (2 March) sent the AAVE to retest its range support zone.

Decentralized finance (DeFi) protocol Aave community plans deployment of its Aave v3 MVP on the Polygon zkEVM mainnet to establish an early strategic presence on the new network. Marc Zeller, popular Aave DAO member and founder of the Aave Chan Initiative, in a tweet on March 3 revealed a governance proposal on deploying Aave v3 The post DeFi Giant Aave Plans Early Strategic Deployment On Polygon zkEVM, Price To Rally?

Aave, the decentralized lending (DeFi) lending protocol, is considering deploying a minimum viable version (MVP) of Aave version 3 on Polygon's zkEVM.

Key Points: The Aave community is currently discussing the deployment of Aave V3 MVP on the Polygon zkEVM mainnet through a temperature check governance discussion. The discussion aims to deploy Aave V3.0.1 on zkEVM L2 to position Aave Governance strategically on the network as soon as possible.

Decentralized Finance (DeFi) protocols have maintained healthy activity despite taking a massive hit during the bear market. Top DeFi projects felt the impact in the form of liquidity outflows but many have survived.

Aave price analysis shows the altcoin is progressing further in the bullish trend. The cryptocurrency is seen at $82.04, marking a 3.70% gain in the last 24 hours and retesting $82.0 for bullish confirmation.AAVE prices have been consolidating above this level for some time now, with a few minor corrections along the way.

Aave Price noted a fresh decline on the daily chart as the coin slipped below the $80 price zone. Over the last 24 hours, the altcoin traveled south and lost 4.2% of its value.

Aave price analysis shows that the cryptocurrency is currently in a bearish trend as it approaches the end of the day. The price has been found to be trading at around $79.18, which is a decrease of 2.28 percent from the opening price of $78.96.

According to the on-chain analytics platform Santiment, during the intraday trading session on 27 February, a large holder of Aave [AAVE] tokens significantly reduced its holdings by sending 363,796 AAVE tokens to two addresses that previously held zero coins. This move caused the amount of AAVE held by the whale address to drop to its lowest level since May 2021.

The year 2021 had been a game-changer for the broader crypto space. And tokens from Defi space had made most of the bull season of the year. One such crypto asset which made virtues with price gains was Aave (AAVE).  With the current year 2023, the market is expected to be very stable.

The price of Aave has dropped significantly in the last month after the altcoin fell below the $90 mark. The altcoin consolidated on its chart with a 0.2% loss in the past 24 hours.

The past week has been a steady onslaught from the Aave sellers. The price fell from $92 to $77 within a week, but a bullish reversal could occur soon.

Key Points: The governance page on February 27 reflects that the Aave community's request to “freeze BUSD on Aave V2” was approved by a unanimous vote on February 26 and went into effect the following day. According to the proposal, the value of the BUSD holdings in the DAO collector contract is around $10,500.

The recent Aave price analysis revealed that the crypto asset is trading in a strong bullish trend. The pair is trading within a range of $77.66 and $81.24 for the past couple of hours today.

Anyone who has been following crypto closely understands that it is far cry from the “fad” that cynics predicted.

“Decentralized Finance on the Rise: Aave, Avalanche, and TMS Network Taking the Lead” After a rough 2022, crypto markets are starting to recover in early 2023.

The proposal says “there's no real prospect of growth” for BUSD

A draft proposal to integrate Centrifuge infrastructure with GHO is in the works