Vamos dar uma olhada nos antigos projetos líderes de hoje.
O preço do AAVE disparou de mais de 80 dólares no início do ano para um preço de 378. Atualmente está classificado em 28º lugar em valor de mercado, um aumento de quase 5 vezes, e a taxa de retorno é muito alta. veja por que é o líder!
Introdução
Aave é uma plataforma de empréstimo descentralizada. Lançado em janeiro de 2020, permite aos usuários emprestar, pedir emprestado e ganhar juros sobre ativos criptográficos, tudo sem a necessidade de um intermediário centralizado. Quando os usuários emprestam dinheiro por meio da plataforma, eles ganham juros. Quando pedem dinheiro emprestado, pagam juros.
Aave operates on the Ethereum, Polygon, and Avalanche blockchains, functioning as a smart contract system that allows assets to be managed by a distributed network of computers running Aave software.
Project actual application
Aave platform is used for lending and borrowing. Therefore, investors can deposit their stablecoins into the platform to earn interest at more attractive rates than traditional savings accounts. Similarly, borrowers can take loans against the collateral they deposit.
The Aave platform also allows for 'flash loans.' Flash loans are loans that are borrowed and repaid within the same block. These are specific types of loans that can be issued and settled almost instantly. These loans do not require upfront collateral.
Borrowers can apply for funds from Aave, but they must repay these funds and a small fee within the same block. On the Ethereum network, this is within 13 seconds. If borrowers do not do so, the entire transaction will be canceled, and no funds will have been borrowed.
In addition, there are several advantages to using AAVE tokens on the blockchain. This includes discounted transaction fees for users who submit AAVE as collateral, and no fees charged for users borrowing AAVE. AAVE holders also have rights to certain governance powers, depending on the amount of AAVE held.
Project Background
The investment background includes many well-known funds, and the project has become an industry leader, with a bright future ahead!
Track analysis and competitive landscape
Aave's competitive moat is mainly composed of the following four aspects:
A good track record of protocol security management: Most emerging lending protocols encounter security incidents within their first year of operation, while Aave has yet to experience any major security incidents at the smart contract level. For DeFi users, especially large users with significant funds, a platform's robust risk management and security record is often the primary consideration when choosing a lending platform.
Bidirectional network effects: DeFi lending is a typical two-sided market, with depositors and borrowers constituting the supply and demand sides, respectively. Growth on one side stimulates growth on the other, making it increasingly difficult for newcomers to catch up. Moreover, the more abundant the platform's overall liquidity, the smoother the liquidity inflow and outflow for depositors and borrowers, making the platform more attractive to large fund users, further promoting the growth of the platform's business.
Excellent DAO management: The Aave protocol has fully implemented DAO-based governance. Compared to centralized team management models, DAO governance provides more comprehensive information disclosure and deeper community discussions on important decisions. Additionally, Aave's DAO community includes a group of high-governance-level professional institutions, including top risk management service providers, market makers, third-party development teams, and financial advisory teams. This diverse participant base fosters active governance participation.
Multi-chain ecosystem positioning: Aave is deployed on almost all major EVM L1/L2 chains, and its TVL (total locked value) is leading on all deployment chains except BNB Chain. In the upcoming Aave V4 version, cross-chain liquidity will be connected, highlighting the advantages of cross-chain liquidity even more.
Moreover, AAVE's TVL is leading in the blockchain sector, firmly holding second place in the Ethereum ecosystem.
Moreover, AAVE is about to launch version V4:
Aave V4 will further enhance its capabilities and push the protocol toward introducing DeFi for the next billion users. First, Aave will focus on revolutionizing the user experience of interacting with DeFi by building a unified liquidity layer. By achieving seamless liquidity access across multiple networks (including EVM and future non-EVM networks), Aave will eliminate the complexities of cross-chain lending. The unified liquidity layer will also rely on account abstraction and smart accounts, allowing users to manage multiple positions across isolated assets.
AAVE token economic model
AAVE tokens provide discounted fees for holders on the platform and also serve as governance tokens, giving owners a voice in the future development of the protocol.
Total supply: 16 million
Unlocking is basically almost done, let's take a look at the large holder data.
The large holder data is also very impressive, many whales are continuously increasing their positions and there are no obvious selling actions!
Summary
The lending market in DeFi is still small but may experience significant growth in the coming years, especially as more institutional participants gradually enter the space. With its strong brand reputation and leading position, Aave is capable of absorbing this influx of new capital and is expected to horizontally expand into more new markets (like Solana).
I also believe that Aave will continue to dominate market share thanks to its strong network effects, which are bolstered by the liquidity and composability of its tokens. The upcoming upgrade of the token economic model will further enhance the protocol's security and its ability to capture value.
Additionally, by comparing the 'market cap/TVL' ratio, it can be found that although AAVE has recently surged significantly, its price is still undervalued.
The value of cryptocurrency is often reflected in actual applications. I believe the DeFi market will continue to improve, and Aave will lead the DeFi market to new heights. Currently, the price has reached half of the previous bull market, but the previous bull market's unlocking was not significant. However, there is no need to be afraid because Aave is basically already unlocked, just waiting for market makers to speculate. Bull markets often experience pullbacks, and for valuable cryptocurrencies like this, pullbacks mean accumulation. I believe Aave still has at least 2-5 times the potential.
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