Ethereum borrowing rates have increased due to the withdrawal of $1.7B by DeFi whales from
Aave. In a separate development,
World Liberty Financial acquired 3,473 ETH and staked it on Aave, whilst another of their proposals to launch a centralized lending system on Kraken’s Ink proceeded to the next phase. More ETH ($13M) was added to Aave staking due to ETF-driven institutional inflows. These bullish conditions allowed Aave's ADAO treasury to surge 123% YoY to $125 million and AAVE coin to see weekly surge of 20%.
Moving unprecedented amount of 200,000,000 USDT from HTX to Aave and BlockDAG's ROI of 3,025% helped fuel the bull market. Besides, Aave v4 details surfaced, predicting AAVE crypto to potentially soar to $650. Amidst these positive signs, the coin was approved unanimously for Kraken’s Ink blockchain deployment and Centralized lending platform on Kraken's Ink Blockchain.
However, not all was rosy as AAVE's price took a slight dip due to unknown factors and some whales moved large amounts of AAVE tokens causing some uncertainty in the market.
A significant breakthrough was Aave surpassing $50 billion in net deposits. It represents a major DeFi milestone. Despite these mixed sentiments, bullish signals were still strengthening. Meanwhile, there's hint on the expansion of Aave to Aptos being the first Non-EVM integration indicating further growth.
AAVE Coin News Analytics from Thu, 16 Jan 2025 08:00:00 GMT to Wed, 23 Jul 2025 21:29:20 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor 5
