Let's talk about another project of value investing $AAVE

Although the current market trend is all in on meme coins and value investing seems futile, to be honest, making money from memes is actually very difficult, and the probability of making big money is even lower, with a very short time window. There are definitely people who become rich quickly, but very few can exit at a high point. I guess, among hundreds of thousands, there are only a few who make big money, a few thousand who make money, while the majority lose money. So I choose not to participate.

Recently, many meme coins on the blockchain have skyrocketed to over a hundred million dollars, with countless reaching hundreds of millions. What makes you think that memes are worth hundreds of millions, or even more? If it's the market, then when it goes to zero, it's still the market.

Take a look at AAVE, with a total supply of 16 million tokens, currently priced at 160 dollars, giving it a total market value of 2.56 billion dollars, ranking 47th in market cap. Its market cap is one-twentieth of Dogecoin's, one-third of Pepe's, and slightly more than half of Bonk's, and it's even 1 billion dollars lower than Wif's market cap.

AAVE is currently the largest decentralized bank in the world, with the highest Total Value Locked (TVL) of 18 billion dollars, which is continuously growing and will soon reach a new high, boasting the strongest risk control, with protocol earnings continually increasing, currently generating over 200,000 dollars per day. This is still with the prices of Ethereum and ecological projects not having risen, and without the introduction of real assets other than stablecoins.

To be honest, among the many applications of blockchain, lending and borrowing should be the easiest business model to understand, with no complicated tricks, making it easy for financial novices to grasp, and it’s the preferred project for Wall Street funds entering DeFi.

AAVE has been around for 7 years, from its origins as Ethlend, and during the first wave of the DeFi bull market, it reached over 600 dollars. The product has evolved to v3, and v4 is expected to launch fully in the next couple of years. They also launched their own stablecoin GHO last year, and development is progressing rapidly.

For value investing, I think AAVE is a good long-term holding target, not investment advice. What does everyone think? #价值投资 #DEFİ