Tags : Aave

Cryptocurrency

Why DeFi blue-chips SUSHI and AAVE severely pulled back after

SUSHI and AAVE, the governance tokens of major DeFi protocols SushiSwap and Aave, severely pulled back after the price of Bitcoin rallied beyond $40,000. Analysts suspect that the profits from DeFi tokens throughout the past few weeks have flown back into Bitcoin. DeFi down bigly, when will it begin recovering? Throughout early February, the DeFi […]Read More

Market

DeFi Season? LINK, AAVE, ZRX and COMP Hit Record Price

Investors look to be temporarily shifting focus away from bitcoin and toward crypto tokens associated with decentralized finance (DeFi). In the past 24 hours, DeFi-linked coins such as COMP, AAVE, KNC and ZRX have all leapt to fresh lifetime highs. Compound’s governance token COMP clocked a new record of $500, taking the month-to-date gain to […]Read More

Cryptocurrency

Aave surges 50%: What’s behind the meteoric rally?

AAVE, the native governance token of the Aave lending protocol, rose by over 50% within the past day. The rally comes as the entire DeFi market sees a major rally from an overall increase in appetite for the sector. The 30-minute price chart of Aave. Source: AAVEUSD on TradingView.com Why is DeFi and Aave rallying? […]Read More

Cryptocurrency

Chainlink and Aave hit all-time highs: why are DeFi tokens

Chainlink and Aave, two major DeFi-related cryptocurrencies, are surging strongly in tandem with Bitcoin. Aave surpassed $200 for the first time in history, solidifying its position as the fourth-largest DeFi token behind Uniswap (UNI). Chainlink keeps its position as the biggest DeFi token by market capitalization, valued at around $9 billion. Why are Chainlink and […]Read More