2021-4-2 01:14 |
Polygon claims yet another victory in the scaling wars with Decentraland
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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.
Aave may soon vote on a 'fee switch' to distribute DAO profits to token holders, as announced by Marc Zeller.
Aave said its V2 and V3 markets are operational after a temporary pause earlier in the month due to security concerns. The lending protocol reopened operations on its V2 protocol earlier today, Nov.
Quick Take The recent drop in Bitcoin, breaking below the $37,000 level, has resulted in a wave of liquidations across the crypto market, surpassing $100M. Among the major digital assets, Ethereum faced a significant hit with $15M in liquidations, while Bitcoin followed closely with $13M, primarily due to long positions liquidated.