Aave Protocol Unfazed By Market Jitters, Surges 21%

Crypto lending protocol Aave restarts its bullishness as the market resets. AAVE, the namesake token of the platform, surged to nearly 20% in the past 24 hours, capturing the momentum of the broader market which is still up by over 5% since yesterday. Related Reading: Binance Coin In Turmoil: Nearly 10% Value Erased In Market Shake-Up Aave’s recent developments also contributed to this rally. However, the broader crypto-finance market might be in disagreement with the platform’s current performance. $200 Million In Market Size Unlocked On Aave Lido Finance, a crypto staking platform, recently onboarded the platform’s Lido V3 market instance, custom-made for Aave which is tailored to Lido’s staked Ethereum (stETH) and wrapped staked Ethereum (wstETH). This will significantly improve user experience in lending and borrowing stETH and wstETH as it can be fine-tuned to maximize profitability for Aave users. The Lido V3 market on @aave has been live for 48 hours and just surpassed $200m in market size

Aug 7, 2024 - 02:00

Aave Protocol Unfazed By Market Jitters, Surges 21%

Crypto lending protocol Aave restarts its bullishness as the market resets. AAVE, the namesake token of the platform, surged to nearly 20% in the past 24 hours, capturing the momentum of the broader market which is still up by over 5% since yesterday.

Aave’s recent developments also contributed to this rally. However, the broader crypto-finance market might be in disagreement with the platform’s current performance.

$200 Million In Market Size Unlocked On Aave

Lido Finance, a crypto staking platform, recently onboarded the platform’s Lido V3 market instance, custom-made for Aave which is tailored to Lido’s staked Ethereum (stETH) and wrapped staked Ethereum (wstETH). This will significantly improve user experience in lending and borrowing stETH and wstETH as it can be fine-tuned to maximize profitability for Aave users.