Some people have mentioned that there is no correlation between LDO and AAVE and that they are different projects.

First of all, I have to say that I know that they are different projects.

However, I have to say that AAVE and LDO tokens are similar in structure!

First of all, both projects are indispensable parts of the Ethereum ecosystem. Both tokens serve as the Governance tokens of the AAVE and Lido projects. Both projects are growing together with the TVL.

I also wrote a Python code for you that calculates the correlation between AAVE and LDO returns since the beginning of 2024.

According to this Python code, the return correlation between

AAVE and LDO in 2024 is exactly 0.61.

This number is quite high!

I also created a Scatter Plot for you to better illustrate the relationship between AAVE and LDO returns.

In the image below, you can see this plot and the correlation between them very clearly.