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AAVE broke out of a bullish pattern, but the road to $400 has troubles.

Aave, a leading decentralized finance (DeFi) protocol, is considering integrating Chainlink's new Smart Value Recapture (SVR) oracle to address a growing issue in the space—maximum extractable value (MEV). This move could redirect profits from transaction backrunning, often extracted by third parties, back into the hands of Aave's users.

Money market Aave and liquid staking protocol Lido surpassed $70 billion in net deposits in December for the first time, according to data from TokenTerminal. As of press time, the two largest DeFi protocols hold a total $67.42 billion.

AAVE, the native token that powers decentralized finance (DeFi) lending protocol Aave, has surged 12% in price over the past 24 hours. This rally follows a recent proposal to integrate a new Chainlink oracle.

AAVE's surge is supported by a year-long increase in TVL coupled with increased fees reflecting higher usage and demand.

Amid the bulls & bears setting the dominance, AAVE price is on the second day of constant gains, rallying 18% in the last 24 hours. Interestingly, the token was bullish for days but fell with the crypto market crash, disturbing its performance.

The markets are slowly becoming more lenient towards altcoins as the liquidity flow from Bitcoin to the other cryptos appears to have begun. More than the recent ones, the older tokens are gaining more attention.

Aave is exploring Chainlink's Smart Value Recapture (SVR) oracle to address maximum extractable value (MEV).

Aave is considering incorporating a new Chainlink oracle that will redirect yields from transactions preemptive to the DeFi protocol's users.

The DeFi protocol aims to capture around 40% of MEV profits from adding Chainlink's new oracle service.

Bitcoin could correct roughly 30% based on historical patterns.

AAVE has delivered impressive performance in the cryptocurrency market, experiencing a remarkable 13% rally as open interest in its futures grows substantially. Amid the uncertainty affecting the broader market, AAVE is defying the trend and capturing the attention of the crypto community.

AAVE price rebounded for the second consecutive day, erasing some losses from last week, as smart money investors bought in and exchange balances declined.

Aave (AAVE) could soar by 25% to reach the $415 level if it closes a daily candle above $340 mark.

The bullish expectations for Bitcoin seem to have shaken a bit as the price is struggling to keep up above $95,000 after experiencing bearish waves during the weekend. While altcoins were expected to follow the trend and some popular ones are doing so, cryptos like Algorand (ALGO) and Aave (AAVE) have stood apart.

Aave's sustained growth reflects its innovative approach, robust user engagement, and strong governance strategies.

Aave (AAVE) has proven itself to be a key player in the world of decentralized finance (DeFi). As one of the leading platforms for decentralized lending and borrowing, Aave has made significant strides.

Aave (AAVE), a leading decentralized finance (DeFi) token, has garnered increasing attention in recent weeks, especially from whales and smart decentralized exchange (DEX) traders. As the broader crypto market faces volatility, these key players seem to be strategically re-entering the market, particularly in response to recent price corrections.

Smart DEX traders and whales re-entered the market, buying AAVE in the recent price drop.

With Donald Trump's inauguration fast approaching, there are some cryptos that investors should be looking to have in their portfolio. This is based on the fact that these coins could record a two times increase in their price, considering the president-elect's pro-crypto stance.

The bullish performance of AAVE over the past month is at risk as sellers take over the market. As uncertainties grow, will the AAVE bull run take a plunge under $300 or continue to grow? Whales remain crucial.

Aave DAO delegate and service provider Aave Chan Initiative has initiated a proposal on the crypto lender's governance forum to deploy Aave v3 on Sonic.

Ethena Labs has partnered with World Liberty Financial to integrate its yield-bearing token, sUSDe, into WLFI's DeFi platform, aiming to enhance stablecoin liquidity and user rewards through a proposed governance initiative. The post Ethena Labs Partners with World Liberty Financial to Add sUSDe to Aave appeared first on Cryptonews.

As 2024 nears its close, the cryptocurrency market is once again showcasing its dynamic and volatile nature, capturing the attention of traders and investors navigating shifting trends.