AAVE’s key metrics surpass ATH, but token price remains over 50% below its peak.
Strong TVL and staking show AAVE’s role in DeFi liquidity, but price lag persists.
Recent price surge fueled by market interest, driven by protocol growth and upgrades.
AAVE’s DeFi metrics are surging, yet its token price remains over 50% below its all-time high (ATH) of $666.86. Arthur, Founder and CIO of DeFiance Capital, highlighted this discrepancy, pointing out that AAVE’s protocol metrics have surpassed previous ATH levels while its token valuation lags. This disconnect raises questions about what’s holding the token back despite its impressive on-chain performance.
Protocol metrics of @aave already exceed ATH by wide margin but the price is still >50% below ATH.
Stablecoin supply also significantly higher compare to 2021 which power DeFi.
Higher pic.twitter.com/EiMZk0Anoj
— Arthur (@Arthur_0x) December 12, 2024
The platform boasts a total value locked (TVL) of $38.578 billion, alongside a market capitalization of $5.299 billion and a current token price of $351.50. Over the past 24 hours, AAVE recorded a trading volume of $1.965 billion, with staked tokens to…
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