Aave's tokenholders approved a governance proposal to start buying back the decentralized finance (DeFi) protocol's governance token, AAVE, as part of a broader tokenomics overhaul, Aave said on April 9. The proposal — which was approved by more than 99% of AAVE tokenholders — permits the protocol to purchase $4 million in AAVE (AAVE) tokens, enough for one month of buybacks.
The first AAVE buyback proposal secured 99.63% approval. The full strategy is designed to execute $1 million in weekly buybacks over six months.
JasmyCoin has emerged as today's top gainer, registering a 4% price increase over the past 24 hours. This surge comes after a sharp drop earlier this week when the altcoin plunged to a 12-month low on Monday.
The Aave DAO has overwhelmingly approved a $4 million AAVE token buyback, launching the first phase of a broader initiative to overhaul the protocol's tokenomics.
In the world of meme coins, it's not just about utility, tokenomics, or even real-world value. It's about hype. From Floki riding Elon Musk's Shiba Inu's name to Trump-themed meme coins skyrocketing on political memes alone, one thing is crystal clear: narrative is everything.
Altcoin prices bounced back as some investors bought the dip following the recent crypto Black Monday, when most of them crashed.
Aave DAO members are voting on a proposal to add Pendle's Principal Tokens to its V3 Core market. The proposal, posted on the web3 voting platform Snapshot on Apr. 7, suggests listing an initial PT test asset.
Bitcoin and other altcoins bounced back on Tuesday as investors attempted to buy the dip after most of them dropped to their multi-month low. BTC price surged to $80,000, while the total market cap of all coins jumped by over 3.5%. Some of the top-performing tokens were JasmyCoin (JASMY), Pepe (PEPE), and Render (RNDR).
FLOKI may be ready for an upswing on the charts after corrections pass.
It's been a mixed bag for those interested in AAVE.
Several major developments across various ecosystems are expected this week, suggesting imminent volatility for tokens within the respective niches. From Aave buybacks to Trump's reciprocal tariffs, some very interesting updates are in the pipeline.
Aavenomics, the proposal to modify Aave protocol tokenomics and introduce token buybacks, has achieved a quorum for the Aave DAO. Aave Chain Initiative (ACI) founder Marc Zeller announced this on X, noting that it marks a new era for the protocol.
DeFi's largest protocol, the Aave decentralized autonomous organization (DAO), has officially approved a $1 million token buyback initiative that will start on April 9. The proposal secured 439,000 votes in favor, well above the required 320,000 quorum, while only 2,020 votes opposed it.
Lens Chain mainnet goes live using an inexpensive Ethereum overlay blockchain designed for building decentralized social media applications.
A closely followed crypto strategist believes that one Ethereum (ETH) competitor may have reached a local bottom amid a broad market sell-off. Pseudonymous analyst Inmortal tells his 231,100 followers on the social media platform X that Solana (SOL) may be presenting a rare buying opportunity after hitting the 24-hour low of $112.
Chainlink (LINK) was also among the underperformers, falling 4.7% from Tuesday.
FLOKI's holders might expect some interesting price action in the next few hours.
The $159 level is a key support to watch for Aave (AAVE), while a break below could send prices toward $128.
Bitcoin and most cryptocurrency prices have crashed in the past few days as concerns about Donald Trump's Liberation Day tariffs rise. BTC crashed to $83,000 from this week's high of $89,000. This article explains why BTC and other altcoins like Pi Network, Jasmy, VeChain, and Quant (QNT) prices have crashed.
FLOKI's market movement is in the favour of the bears right now.
AAVE is likely to establish a new high as more liquidity pours in.
TL;DR Aave integrates Chainlink Smart Value Recapture (SVR) on Ethereum to recapture the MEV associated with loan liquidations in DeFi protocols. The SVR solution allows DeFi protocols to recover value lost in block building, improving the DeFi economy in a sustainable and transparent way.
The Aave community has voted to allow the adoption of Chainlink's Smart Value Recapture feature as the protocol looks to reclaim millions in maximum extractable value lost to oracles.
Decentralized finance protocol Aave has integrated Chainlink Smart Value Recapture (SVR) on the Ethereum mainnet, with this coming on the back of a community vote. The integration is an initiative of Chainlink and Aave (AAVE) ecosystem contributors BGD Labs, and Aave Chan Initiative, according to an announcement.
The Aave DAO community has formalized the integration of Chainlink Smart Value Recapture (SVR) on the Ethereum mainnet, with the goal of recovering the value extractable from oracles (Oracle Extractable Value, OEV) related to liquidations and converting it into a new source of revenue for the protocol. The decision, confirmed by an on-chain vote, marks a turning point for decentralized finance (DeFi), ushering in a sustainable model that reintegrates into the system the value technically lost during liquidation operations.
The crypto market dipped into the red over the past 24 hours as cryptocurrencies, including Bitcoin (BTC), registered notable declines. As a result, the crypto market cap dropped to $2.86 trillion.
FLOKI has been attempting to recover from recent price losses, but its efforts are hindered by weak investor support.
The crypto market continued doing well on Thursday as demand from retail investors rose. Many of these investors are simply buying the dip after these coins crashed by double digits from their highest levels in November last year.
Floki (CRYPTO: FLOKI) is gaining traction as major meme coins Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB) and Pepe (PEPE) rally. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Floki (CRYPTO: FLOKI) $0.00007192 $692.4 million +7% +15.5% Dogecoin (CRYPTO: DOGE) $0.1970 $29.3 billion +3.7% +14.1% Shiba Inu (CRYPTO: SHIB) $0.00001473 $8.7 billion +8.5% +15% Trader Notes: Prominent trader Unipcs emphasized that meme coins are outperforming other sectors, proving they are here to stay despite skepticism.
Cryptocurrency prices started the week well as investors turned bullish on risky assets like stocks. This rebound was driven by news that Donald Trump was more flexible on tariffs ahead of his “Liberation Day” on April 2. This article provides forecasts for some popular cryptocurrencies like Floki (FLOKI), Chainlink (LINK), and Binance Coin (BNB).
The new week on the cryptocurrency market began with a fresh update from the world's largest exchange, Binance. It was mainly about meme coins.
This week, several significant events are poised to impact the crypto market. The new SEC chair ascension, developments in Ethereum's Pectra Upgrade, and new ecosystem developments have the crypto space buzzing with anticipation.
AAVE could be a focal point for traders this week.
Influential cryptocurrency trader Glauber Contessoto, popularly known as SlumDOGE Millionaire, predicted a bullish future for Floki (CRYPTO: FLOKI) on Sunday, describing it as the “most undervalued.” What Happened: In an X post, Contessoto emphasized that FLOKI, being the “biggest meme coin” on BNB Chain (CRYPTO: BNB), shouldn't be taken lightly.
Here's how some of your favorite assets concluded the week.
The Jasmy price has moved into a bear market after crashing from last year's high of $0.0595 to $0.012, its lowest level since February last year.
FLOKI price breakout gains momentum as bullish technical patterns emerge and investor interest surges.
Cryptocurrency trader and analyst Ali Martinez is leaning bearish on the memecoin FLOKI (FLOKI). Martinez tells his 133,600 followers on the social media platform X that FLOKI has formed a flag pattern on the three-hour time frame.
The crypto market dipped back into bearish territory as prominent cryptocurrencies, including Bitcoin (BTC), registered notable declines. BTC reached a high of $86,444 as markets rallied.
Despite a recent recovery, the cryptocurrency market downtrend continues. In a situation where the market's volatility and unpredictability are high, smart crypto trading decisions are mandatory, especially to save oneself from losses.
Binance has announced the first batch of “Vote to Delist” tokens, adding top altcoins such as JasmyCoin (JASMY), Zcash (ZEC) and FTX Token (FTT). The exchange said these first tokens in the community co-governance initiative on listing and delisting have monitoring tags.
A poorly timed trade cost a crypto whale $10.9M in potential profits, even as they secured $1.8M from their transactions.
The meme coin market is slowly bottoming, with top meme coins showing the best returns for traders. What Happened: According to on-chain analytics from Into The Block, the meme coin market cap has returned to Q3 2024 levels, which were the lowest since early 2024 levels.
Many cryptocurrency projects such as Aave, dYdX, Jupiter, and Hyperliquid have recently announced token buyback mechanisms.
Aave Chan Initiative (ACI) founder Marc Zeller, has said that the proposal to revamp the Aave protocol tokenomics has passed the quorum. In a post on X, he noted that implementation of the Aavenomics could start this month.
Cryptocurrency prices resumed their downward trend on Tuesday as market participants awaited the second Federal Reserve interest rate decision of the year. Pi Network (PI), the viral tap-to-earn token, was one of the worst performers, dropping by almost 13%.
Dogecoin (DOGE) and Shiba Inu (SHIB), the two largest meme cryptocurrencies (dog-coins) by market capitalization, are both in worst performer list today. Meanwhile, once-leading meme coins like Floki (FLOKI), Dogwifhat (WIF) or Murad's pick SPX6900 (SPX), are losing steam in the top 100.
Aave v3 has launched on Celo, expanding DeFi access to Celo's mobile-first users and opening the platform to broader user growth.