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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice AAVE chalked up a bearish pennant chart pattern AAVE holders still suffering losses since the market crash After Bitcoin [BTC] flipped resistance at $16.5K into support, AAVE also converted $58.1 into support in the […]
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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The drop below $79 flips the market structure to bearish Some outflows from the exchanges suggest a mild possibility of a bullish scenario Since 5 November, USDT (Tether) Dominance shot upward from 6.81% to […]
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As of 31 October, Aave had been experiencing a surge in its Total Value Locked (TVL), according to statistics from DefiLlama. Following the initial release of the protocol, the team went on to develop versions 2 and 3. And each version was tailored to a particular lending business. The TVL observed was the combination of […]
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Stani Kulechov, the founder and CEO of Aave, a Decentralized Finance (DeFi) lending and borrowing protocol, recently disclosed a new course for the protocol. He announced on his Twitter page that the team had filed a proposal that would see the deployment of Aave v3 on zkSync 2.0. The deployment would initially take place on […]
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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. $73 flipped to resistance Bitcoin is unable to rally past $19.6k as well At the time of writing, Aave had a market capitalization of $1 billion. The lending platform was among the biggest in […]
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The social activity of AAVE, the native token of the popular ghost protocol Aave, has rallied in the last week, according to the data from LunarCrush. As of 12 October, AAVE’s social engagements hit a high of 1.89 million. This milestone represented a 2920% growth above the 7-day average. A strong correlation exists between a […]
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The Aave (AAVE/USD) community has voted to temporarily pause Ethereum (ETH) borrowing on the decentralised finance (DeFi) protocol ahead of the Ethereum Merge slated for mid-September. This is after more than 96% of the community agreed with a risk assessment report and improvement proposal first highlighted on 23 August 2022. Are you looking for fast-news, […]
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Aave [AAVE] is starting to attract attention in the crypto community after its recent exploits. Dubbed as the “Ghost Protocol,” Aave has been actively addressing community proposals recently in the wake of the Merge. Most recently, the Aave community is yet to decide about pausing Ethereum [ETH] borrowing until the Merge. The voting for the […]
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Dubbed as the ‘Ghost protocol,’ Aave is non-custodial lending and borrowing platform functioning primarily on Ethereum, Avalanche, and Polygon networks. In a new report from Messari, the blockchain analytics firm found that in the last quarter, lending and borrowing activity in the cryptocurrency space was significantly impacted by the collapse of Terra and the downturn […]
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Developments around the open-source DeFi protocol, AAVE looks like a non-stop activity. In July, the community agreed to launch GHO, its own stablecoin. Now, AAVE has proposed something new. This time, the community has requested its voting and governance community to approve retroactive funding for AAVE version 3 (V3). So how much is AAVE looking […]
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