🚀 AAVE Soars High! 🚀
- DeFi platform Aave’s AAVE token hit a three-year high despite a small correction this weekend. The price is still close to a new high of $394!
- What’s the secret? New data shows that strong platform performance and on-chain metrics are the main drivers.
- According to DefiLlama, Aave’s Total Value Locked (TVL) jumped from $6.62 billion in January to $23.1 billion in December. Wow, that’s parabolic!
- Santiment analysis reveals that the awakening of dormant tokens by large holders is also driving the bullish trend. The 30-day gain is up 96%, and the annualized gain is over 290%!
- With deposits reaching $38 billion, Aave is attracting the attention of ‘whales’, including from the Trump World Liberty wallet.
- Despite the price correction, AAVE continues to show relative strength compared to other altcoins. Anyone want to guess where the AAVE price will go next? Let’s discuss in the comments column!