Cryptocurrency News
A high-profile crypto whale, already sitting on an impressive unrealized profit of $15.31 million, is doubling down on their $AAVE long position despite a recent price drop. Over the past 8 hours, this investor borrowed 3 million $GHO and used $3.18 million worth of $GHO and $WBTC to purchase an […]
Recent analytics from @intotheblock reveal a surge in Aave’s lending activity on the Ethereum network, with netflows exceeding $500 million over the past week. This milestone highlights Aave’s continued dominance in the decentralized finance (DeFi) space. However, the $AAVE token has not mirrored this success, experiencing a price decline of […]
Activity among Aave’s largest holders has surged, with last week witnessing 3,310 transactions exceeding $100,000 in $AAVE—the highest weekly total since 2022. This heightened activity suggests a renewed focus on the token by major players. Blockchain Capital, a prominent holder of $AAVE, has also made significant moves. Following its initial […]
According to Token Terminal, Morpho Labs is currently the fastest-growing lending protocol, with active loans increasing by 31.1% over the past seven days. This growth added $291 million to Morpho’s total value locked (TVL), which now stands at $1.23 billion. Fastest growing lending protocol: @MorphoLabs Active loans on Morpho are […]
The proposal to integrate sUSDe as collateral on Aave has successfully passed, marking a significant milestone for the DeFi ecosystem. This integration enables users to utilize sUSDe as collateral on both the main Ethereum and Lido instances, unlocking the potential to borrow billions of dollars in stablecoins against it. Pleased […]
In just one week, @aave has seen a 2.7k BTC (~$200M) spike in cbBTC deposits, following the launch of a new Merit program on October 24. The incentive initiative encourages users to lend cbBTC (Coinbase-wrapped BTC) and borrow USDC, resulting in cbBTC becoming the fourth most popular asset for USDC-backed […]
According to Ember CN, a major investor who accumulated 160,710 AAVE at a low of $89 per token during June-August has started to take profits. Approximately 40 minutes ago, the whale transferred 19,592 AAVE, worth around $3.02 million, to Binance, signaling the start of a potential exit strategy. Currently, the […]
dYdX is making waves in the DeFi world, thanks to its recent migration to the Cosmos interchain protocol, which has propelled the decentralized exchange to the forefront of the market. With a daily trading volume nearing $757 million, dYdX has now overtaken Uniswap in activity, solidifying its position as a […]
Aave V3, the latest version of the decentralized lending protocol, has reached a significant milestone, crossing $10 billion in total value locked (TVL) on the Ethereum network. This impressive growth represents a 197% increase from its starting point of $3.36 billion at the beginning of 2024, underscoring Aave’s position as […]
While many altcoins are still trading at the bottom due to low demand, Aave has continued to show strength as it reached a new milestone today. The price has retraced briefly to where it currently sits above a resistance. The month of July marked a notable turning point for Aave […]
$AAVE, one of the leading DeFi tokens, is experiencing a notable surge, climbing 6% in the past hour. It’s been one of the top tokens accumulated by “smart money” over the last 24 hours, signaling strong interest from investors. Even during the bear market, $AAVE consistently generated over $1 million […]
DeFi continues to evolve with Aave’s recent expansion onto the Aptos blockchain, signaling a move beyond Ethereum Virtual Machine (EVM) compatibility. Aptos brings the promise of faster, cross-chain solutions tailored for high-performance transactions, setting the stage for Aave’s growth as stablecoin adoption gains momentum. “DeFi will eat finance” DeFi's evolution […]
This summer, $AAVE has seen a significant rise, nearly doubling in value against ETH and climbing 50% in dollar terms, fueled by the excitement surrounding a new “Aavenomics” update proposal. The update aims to reduce risks and enhance rewards for stakers by utilizing revenue instead of relying on inflationary yields, […]
$AAVE, a prominent player in the decentralized finance (DeFi) space with close to $12 billion in total value locked (TVL), has rolled out its V3 version on the Ethereum Layer 2 network, ZKSync Era. This network leverages zero-knowledge technology to enhance both scalability and privacy, setting the stage for a […]
In the past month, the total supply of $AAVE on exchanges has dropped by approximately $18.4 million, signaling a notable shift. Simultaneously, some high-profile wallets have accumulated substantial amounts of $AAVE, indicating increased confidence from smart money investors. The total supply of $AAVE on exchanges have decreased by ~$18.4m over […]
Aave, one of the leading decentralized finance (DeFi) protocols, has experienced a notable 28.83% increase in short-term traders over the past month, signaling a surge in new users and speculators. This influx reflects growing interest in Aave, as more participants enter the market to capitalize on short-term opportunities. $Aave saw […]
Aave has established itself as the leading decentralized lending protocol, boasting over $10 billion in Total Value Locked (TVL). Ranking as the third-largest decentralized application (dApp) by TVL, Aave trails only behind Lido’s $24 billion and EigenLayer’s $12 billion, solidifying its crucial role in the DeFi ecosystem. Lending remains a […]
The cryptocurrency market is experiencing a severe downturn, with 24-hour losses reminiscent of the dark days in late 2022. Despite this widespread turmoil, Aave’s native token, $AAVE, stands out with a remarkable resilience. Though $AAVE has dropped 28% in the past day, there is a silver lining for this DeFi […]