AAVE, one of the prominent projects in the cryptocurrency world, has been on the agenda with its remarkable rise in recent times. AAVE, which increased by 18% in the last 24 hours and reached $ 379.02, has grown by 107% in the last month. Approaching 43% to its all-time high of $ 666.86 in 2021, AAVE attracts the attention of investors with this performance.
Behind AAVE’s recent success lies the Smart Value Recapture (SVR) project, developed in partnership with Chainlink. This innovative project aims to distribute maximum recoverable value (MEV) revenues more fairly among users. Sharing 40% of MEV revenues with users is seen as a significant development in this area.
Project officials state that such innovative initiatives will increase interest in the AAVE ecosystem and provide a more transparent experience for users. In addition, continuing work such as optimizing liquidation processes contributes to the strengthening of positive effects in the ecosystem.
In the last 24 hours, AAVE’s trading volume increased by 62% to $1.44 million, an indication of increasing investor interest. According to technical analysis, AAVE is currently trading above the critical level of $342. In this positive outlook, if the $386 level is exceeded, the price is expected to rise to $410.
Technical indicators also support this rise. While the RSI indicator remains neutral, moving averages are increasing buying pressure. In addition, the "Adam and Eve" formation on the charts gives signs that the uptrend will continue.
AAVE continues to be on investors’ radars with its market dynamics and innovative projects. This movement observed in the cryptocurrency market makes AAVE’s future potential even more evident.