2021-4-2 01:14 |
Polygon claims yet another victory in the scaling wars with Decentraland
origin »
|
Aave Labs has launched a new initiative called Horizon, which aims to enhance the integration of institutional Real-World Assets (RWAs) into DeFi. Announced on March 13, the project seeks to bridge DeFi’s open financial ecosystem with the structured needs of institutional asset issuers, creating a framework that encourages broader participation in on-chain finance.
AAVE price remained under pressure this week as the recent demand in the crypto industry waned following Donald Trump’s inauguration. The AAVE token dropped for two consecutive days, reaching a low of $336, down by 16% below its highest level this year.
AAVE price made a strong comeback this week, rising for two consecutive days, and moving to its highest level since April 18 2022 as sentiment in the crypto industry improved. It jumped to an intraday high of $185, a 255% increase from the lowest point this year.
According to a recent post by Milk Road, Aave, a leading decentralized finance (DeFi) protocol, has reported an impressive revenue surge of $500 million since the start of 2024. This achievement positions Aave as one of the top protocols in terms of revenue generated within the DeFi space.
Grayscale Investments, the world’s largest crypto asset manager, has announced the launch of its AAVE single-asset Trust fund, offering qualified investors exposure to the decentralized finance (DeFi) token.
The crypto market experienced wild fluctuations over the past week, with bears taking the charge. Amidst the downside, the Aave protocol saw historic liquidations. IntoTheBlock revealed that AAVE witnessed approximately $300 million in liquidations last week, the highest ever.
Aave (AAVE) recently surged by 25. 3%, hitting a peak of approximately $102. 2 over the past week amidst a broader cryptocurrency market uptrend fueled by Justin Sun’s $21M AAVE and MKR deposit into Binance.