The native token of the Aave landing project has more than tripled since the beginning of the year to a new all-time high of $ 288.7 (on the Kraken exchange). This was driven by strong user demand for flash loans and a rally in the DeFi sector in general.
2020 AAVE closed at $ 88.65. According to CoinGecko, the token has gained 43.7% in price over the past seven days. This puts AAVE at the top of the dynamic among the top 10 assets in the DeFi sector. In terms of daily trading volume, the token is second only to Chainlink (LINK).
Data: TradingView.
In the DeFi Pulse rankings, the project settled on the second line after Maker, moving away from the third Compound. The volume of assets blocked (TVL) from the beginning of 2021 to the time of writing has increased from $ 1.99 billion to $ 3.89 billion. Growth factors were the increase in the price of Ethereum and the addition of new tokens to the protocol.
Data: DeFi Pulse.
The daily turnover of transactions in the Aave protocol increased from $ 200 million on January 3 to $ 928 million on January 16. 26.8% of the AAVE issue was staked with an annual percentage yield (APY) of 6.1%. The volume of instant loans issued over the past year has grown to $ 1.8 billion due to DAI, USDC and ETH.
The volume of instant loans issued. Data: Aave.
The increase in interest in instant loans may reflect the growing number of users who use them, including for arbitrage between decentralized exchanges.
In December, the developers of the RSK platform announced the launch of a tool that provides interaction between bitcoin and AAVE
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