|All Time High:|
|Market Cap: |
|The price of #AAVE today is $77.52 USD.|
The lowest AAVE price for this period was $0, the highest was $77.52, and the current live price for one AAVE coin is $77.51656.
The all-time high AAVE coin price was $663.
Use our custom price calculator to see the hypothetical price of AAVE with market cap of ETH or other crypto coins.
|The code for Aave is also #AAVE. |
Aave is 2 years old.
|The current market capitalization for Aave is $1,093,196,841.|
Aave is ranked #49 out of all coins, by market cap (and other factors).
|There is a large volume of trading today on #AAVE.|
Today's 24-hour trading volume across all exchanges for Aave is $84,314,620.
|The circulating supply of AAVE is 14,102,752 coins, which is 88% of the maximum coin supply.|
A highlight of Aave is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market.
|AAVE is well integrated with many pairings with other cryptocurrencies and is listed on at least 94 crypto exchanges.|
View #AAVE trading pairs and crypto exchanges that currently support #AAVE purchase.
Cross-chain governance and open-sourcing the Aave UI
The Aave Companies are committed to creating open source software that empowers users’ financial, social and cultural independence. For this software, decentralization and — most specifically decentralized governance — will be a core feature; and it is this decentralization that allows community members to contribute to the larger social, cultural and financial ecosystem growing around any software protocol. With respect to the Aave Protocol, the community has indicated that it would like to see the protocol deployed to networks other than Ethereum, such as Polygon. Because this is a community-based desire and because the Aave Protocol is controlled by the community through Ethereum-based Aave Governance, the community should also be able to use the Aave Governance with any non-Ethereum networks. Introducing Aave Governance cross-chain bridges — a unique set of tools to enable true cross-chain governance on Ethereum — that the Aave community can consider adopting. An explanation of this new software is below, along with an announcement about the open-sourcing and decentralizing of the Aave user interface, for anybody to contribute and run to access the protocol.Architecture of the Cross-Chain Bridge Let’s have a quick dive in the Aave Governance architecture — and how it can be extended to bridge its decisions affecting non-Ethereum based deployment of the protocol.A scheme of the Aave Governance architecture For any governance proposal, the key components of the Aave Governance architecture are:The main governance contract, which allows users to create proposals and allows AAVE holders to vote on those proposals; as well asThe executor contracts, which implement and execute any proposal approved by AAVE holders through a time-lock (the time period of which varies based upon the particular proposal) and defines the parameters by which each specific proposal is implemented (if approved). However, when any instance of the protocol is deployed on a network other than Ethereum, the only way in which a decision taken by the Ethereum-based governance can be applied is through a bridge from Ethereum to that network. Specifically, if Aave Governance’s decisions were to be applied to the Polygon instance of the Aave Protocol, then the community would have to put forth and implement cross-chain proposals. This would occur through a Bridge Executor Contract. The process is the following:On the Ethereum side, the system receives the proposal data from the Aave Governance executors on the smart contract initiating the bridging.On the recipient chain side, the system receives the already bridged proposal data, forwarded by the Ethereum side.Finally, the proposal is executed on the recipient chain after an additional time-lock window.Diagram of the cross-chain governance architecture for the Polygon case Going deeper into the technical details, to submit a proposal regarding the Aave Polygon Market, proposers on Ethereum can encode the proposal to interact with the Polygon FxRoot bridge. The bridge will forward the proposal data to the FxChild on the Polygon side that will queue the proposal in the Polygon Bridge Executor, which will allow to finally execute it after an additional time-lock window. This model is not only limited to Polygon, but can be extended to almost any other chain associated with a bridging engine allowing arbitrary messages communication. It’s possible to see a proof of concept of this applied to a roll-up L2 chain like Arbitrum on the same repository, with the architecture explained in the following diagram.Diagram of the cross-chain governance architecture for a potential Arbitrum case Prior to Aave Governance receiving full control over the Aave Protocol instance on Polygon via the Bridge Executor, a test proposal has been posted to Aave Governance here, to verify that the Aave Governance approves how the system works as expected between Ethereum Mainnet and Polygon Mainnet. Once this test is successful, then the Aave Governance will be given complete control of the Aave Polygon market. The codebase for the Cross-chain Bridges, including extensive documentation is available here. This will allow anyone to use the code to build their own cross-chain bridges for any chain that needs decisions from another. The bridges have been audited by MixBytes, and the report of the audit is available here. The Bug Bounty program applies as well, you can find all the details here.Open Sourcing the Aave Frontend In addition, today the codebase of one of the front-end interfaces to the Aave Protocol is being open sourced — that means that the code will be available to anyone and may be distributed and modified (subject to the terms of the license, discussed below). The specific repositories being open sourced are:Aave UI. Main front-end repository, located here.UI caching server. Convenience server to optimize interactions with Ethereum nodes’ providers, located here.Aave UI kit. Visual component used across the Aave UI, located here. Open sourcing the front end will allow for additional inroads to the already-decentralized Aave Protocol. Such interfaces will augment the more-than-100 integrations that already provide access to the Aave Protocol, by allowing anyone to build an alternative front-end with a different or enhanced user experience. Open sourcing the code also will allow anyone to contribute and improve the current Aave UI. A robust, community-driven ecosystem is paramount to the ethos of decentralization at the core of DeFi software development, that is why the Aave UI is open sourced under the 3-Clause BSD License. Cross-chain governance and open-sourcing the Aave UI was originally published in Aave Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
More Aave (#AAVE) News
|Aave Price Action: Bearish Pull Forces AAVE To Resist Drop To $74 Level
AAVE has been showing hints of recovery today which is quite the opposite of its figures a few hours ago.
AAVE shows signs of recovery as price climbs by 7.35%
Coin generally bearish but the bulls are now attempting to take over
AAVE breaches $77.53 level
This could be due to the general crypto market recovering too as of press time. Will this be for long term?
The coin has been generally bearish as it resist falling into the $74 level. Key support is now spotted at the $73.65 level and resistance is present at $77. 52.
Evidently, AAVE is seen to be moving downhill earlier as it failed miserably in breaching the $77.53 level. At this point AAVE is treading the bearish route for short term.
Judging by the 1-day price analysis, it is moving downwards as triggered by the uptick in selling pressure. If the selling pressure subsides, then AAVE price could shoot way up which is happening right now.
AAVE Price Climbs By 7.35%
According to CoinMarketCap, the coin's price has skyrocketed by 7.35% or trading at $79.64 as of press time which means it has successfully breached the $77.53 level that it has been trying to do so for the past couple of days.
The Bollinger Bands Indicator higher band is now seen at the $78.63 mark which is now the key resistance for AAVE while the lower band is seen at the $73.83 mark.
More so, RSI has previously manifested a decline to 40 but has shown recovery and is now looking more balanced.
The 4-hour price chart reveals that...
|Aave (AAVE) Attracting Whales Over Past Few Months – Will It Spur ...
The number of 'whale' addresses in AAVE has recently increased. Whale addresses are digital currency addresses that store 1 million or more of a particular coin. AAVE is currently riding a wave of whale-like popularity.
AAVE is currently riding a wave of whale-like popularity. A 55 percent of the AAVE coins are held by addresses with 1,000 to one million tokens, per Santiment. That's a big jump from the 48% investors saw in the first half of June.
This increase in whale addresses may be attributable to new AAVE features. AAVE recently tweeted on the company's recent achievements in the present DeFi industry.
We may expect an increase in the number of services that make use of the AAVE ecosystem over the coming years, as funding has been awarded to more than 26 different beneficiaries.
Staking the token on the ecosystem can now generate instant returns thanks to the company's cooperation with Flashstake.
AAVE TVL Increasing As Well
Using the governance token, users may lend and borrow cryptocurrencies and real-world assets (RWAs) directly from one another, cutting out the need for a trusted third party. Investors gain interest when lending money and lose it while borrowing money.
The TVL of the system has increased to $1.17 billion, from $1.09 billion on September 14th, since tweets describing current changes in the ecosystem were released.
When the TVL number goes up, trade volume goes up with it. The token's 24-hour trading volume increased from $74,494,475 on September 18 ...
|Biggest Movers: AAVE, ADA Remain Near 1-Week Highs on Friday
Cardano rose to a one-week high earlier in today's session, despite cryptocurrency markets mostly trading in the red. Aave was also higher on Friday, with the token remaining close to its highest point in the past week. As of writing, the global crypto market cap is 0.43% lower.Cardano (ADA)
Cardano (ADA) was one of Friday's notable gainers, as the token rallied to a one-week high to end the working week.
Following a bottom of $0.4596 during Thursday's session, ADA/USD raced to a peak of $0.4816 earlier in the day.
As a result of today's move, the token collided with its key resistance level at the $0.4790 point.
However, following this collision, earlier bulls appeared to retreat, liquidating their positions at this point of uncertainty.
As of writing, ADA is now trading at $0.4765, which is below the previously mentioned price ceiling.
The drop in momentum began as the relative strength index (RSI), encountered a resistance level of its own at 44.
Until this hurdle is overcome, ADA will likely continue to trade at or below its current level.
Like ADA, aave (AAVE) was briefly higher in today's session, as it too remained close to a one-week high.
AAVE/USD rose to a high of $95.47 on Friday, which is near its highest level since August 19.
The move saw aave hit and marginally break out of its resistance level at $95.40, however as the session progressed, prices declined.
As of writing, the token is now trading at $90.65, almost $5 lower than earlier highs. This...
|Aave Pushes for Proposal to Support Ethereum PoS Exclusively
The Merge continues to be one of the most high-profile upgrades in recent times. But the retaliation is strong and has gained many allies. Those opposing keep reiterating their push for Ethereum to undergo a 'hard fork' after it transforms into a proof-of-stake (PoS) blockchain next months.
Despite this, many protocols are looking to shift exclusively to the PoS version. One such is Aave.
As per its latest proposal, members of the DAO governing the open source liquidity protocol - Aave DAO - are set to review whether to head towards the new version of the Ethereum mainnet and turn down any forked versions that continue to use the PoW consensus mechanism. In short, the Aave protocol will be shut down on any forks arising from the Merge.
The proposal read,
'There is a general consensus from builders involved in the protocol’s development that it is effectively impossible to sustain a viable Aave Market on any Ethereum fork running an alternative consensus (such as Proof of Work).
To ensure the continued existence of the protocol for the community, the Aave DAO should consider signaling strongly that the Aave Protocol should commit to the Ethereum Mainnet, running under Proof of Stake consensus.'
Ethereum PoW Proponents
While the transition will result in the delegation of tasks to validators instead of miners to reduce the energy use of the blockchain, many miners are not happy with it. The frontman of the opposition is a well-known Chinese Ethereum miner ...
|Aave Bans Justin Sun After He Randomly Received 0.1 ETH from Tornado Cas...
Decentralized protocol Aave has banned the wallet address of Justin Sun, the founder and CEO of the Tron blockchain project, for unknowingly interacting with sanctioned Ethereum-based crypto mixer Tornado Cash.
On Saturday, Justin Sun took to Twitter to confirm that Ethereum-based DeFi protocol Aave had officially blocked his address after an unknown person sent him 0.1 ETH from Tornado Cash.
I’m officially blocked by @AaveAave since someone sent 0.1 eth randomly from @TornadoCash to me. @StaniKulechov pic.twitter.com/tNXNLNYZha
— H.E. Justin Sun (@justinsuntron) August 13, 2022
U.S. Sanctions Tornado Cash
Recall that the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently sanctioned Tornado Cash for helping bad actors launder crime proceeds, including those committed against victims in the U.S.
The sanctions come after the crypto mixer became a laundering hub for hackers who drained at least $1.4 billion from DeFi bridges and other crypto hacks since the start of this year.
Shortly after the sanctions, an unknown user sent 0.1 ETH from a blacklisted Tornado Cash contract address to big crypto-related firms, popular crypto figures, celebrities, and random traders, perhaps in an attempt to mock the U.S. Treasury.
According to blockchain security firm PeckShield, more than 600 addresses received 0.1 ETH from Tornado Cash. The list includes Binance, FTX, Beeple, Coinbase’s Brian Armstrong, Justin Sun, sifu.eth, and ...
|AAVE Slowly Climbs To $109, Resistance At $113 Looms
AAVE shows that the price is steadily rising as the coin’s bullish streak makes noise in the market.
AAVE price is raging bullish today with its steady climb to $109 resistance level
The coin faces hurdle at $113.50
AAVE/USD pair support is spotted at $97.91
The AAVE/USD price saw a boost of 12.02% compared to the figures yesterday as the market spikes to $109.99 from yesterday’s $105.
AAVE Resistance Spotted At $113.50
According to CoinMarketCap, AAVE has plunged by 0.18% as it trades at $109.87 as of this writing. The token's price faces resistance at $113.50 with the bulls trying to breach the target level. On the flip side, the market has spotted some support at $97.91 as the bulls were able to restore the token’s price up after it dropped below this range.
AAVE is currently trading right above the $109 zone, as the bulls managed to push the price up. The 24-hour TVL for the coin sits at $508 million with a current market cap of $1.53 billion.
AAVE’s daily chart shows a dramatic and robust upswing seen in the past 24 hours. In fact, the market was able to reach a high of $113.50 before it faced some gigantic selling pressure that caused the price to plunge. However, the bulls were able to push the price shooting above the $97.91 market, and it now trades near its ATH of $109.99.
AAVE Tries To Retest Above Resistance
The market is largely optimistic and is set to skyrocket in the near term as the bulls are able to push the price up. MACD looks ...
|TradeStation Crypto lists 6 new coins: AAVE, COMP, LINK, MATIC, MKR, and...
TradeStation Crypto, a self-clearing online brokerage for trading cryptocurrencies, today announced adding trading support for six additional coins to its trading platform.
The coins below are now available to TradeStation Crypto clients:
Shiba Inu (SHIB)
“We are thrilled to expand the number of coins we support. Each coin was chosen for our platform following a rigorous selection process, weighing customer demand and market sentiment. We are continuing to assess additional coins to further expand our services and serve our clients.”
- James Putra, Vice President, Product Strategy of TradeStation Crypto
In addition to the six newly added coins, clients will continue to have access to trade Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and USD Coin (USDC).
All six tokens are now available for trading on our crypto web and mobile applications alongside our suite of APIs that include both REST and FIX API.
For each trading pair, TradeStation Crypto aggregates multiple pools of liquidity in a consolidated market data feed combined with an intelligent order-routing system designed to give its clients enhanced visibility and trade execution.
Beyond trading, TradeStation Crypto clients have access to knowledgeable client services and technical support teams, and helpful educational tools for investors and traders with varying levels of experience.
Clients can also own cryptocurr...
|Biggest Movers: MATIC Rises for 5th Straight Session, While AAVE Is up N...
MATIC was one of Friday's notable movers, as prices of the token rose for a fifth consecutive session. This came as crypto markets were mostly in the green for the majority of the day's session, with AAVE hitting a two-week high.
MATIC was a notable mover on Friday, as prices of the token rose for a fifth consecutive day of trading.
Prices rose to an intraday peak of $0.5933 earlier in today's session, hitting their highest level since June 26 in the process.
This move pushed the token close to its resistance level of $0.6000, with some bulls opting to liquidate positions around that region.
As seen from the chart, the last time prices traded around this ceiling there was a high level of uncertainty, and likely knowing this, bulls decided to secure gains at this mark.
If we were to see a move beyond this point, then it is likely that we would require an increase in relative strength, which is currently facing an obstacle of its own.
As of writing, the Relative Strength Index is tracking at 57.15, which is slightly below a resistance level of 57.50.
AAVE was also in the green during Friday's session, as prices rose to their highest point in over two weeks.
Following a low of $66.32 on Thursday, AAVE/USD rose above $70.00 on Friday, as prices of the token went on to hit an intraday peak of $74.94.
This move saw the token climb to its highest point since June 26, which is similar to the height reached by MATIC earlier today.
Another similarity with AAVE...
|Aave Proposes to Launch an USD-Pegged Stablecoin Called GHO
DeFi protocol Aave proposed to its community to create a USD-pegged stablecoin, GHO. The project would allow users to mint GHO against their supplied collaterals, with all the interest payments being sent to AaveDAO.
Backed by Multiple Types of Collaterals
Similar to the MakerDAO-issued stablecoin Dai, GHO would be minted based on users supplying a specific ratio of collaterals, according to the official blog post. When the borrowed amount is repaid, the protocol would burn the users' GHO accordingly. Moreover, the collateral assets deposited on Aave would continue to generate yield while also being used as collateral.
According to Aave, a GHO aToken and GHO Debt Token will be deployed to the protocol, following the same mechanisms as any other asset listed on Aave. This integration is designed to facilitate its growth within the Ethereum blockchain.
In the wake of the fall of Terra's algorithmic stablecoin, UST, the industry has been under pressure as the uncertainty regarding the underlying collateral of leading projects continues to rise. As such, ceiling caps on lending and borrowing are expected to be imposed as reducing risk is crucial to the project. During a market downturn, the protocol would implement the 'E-Mode' as a stabilizing factor amid high market volatility.
GHO demand increases as the price of collateral contracts and users borrow more GHO using other non-volatile collateral assets to repay their positions. This would increase the amount of GHO that enters ...
|Aave Broke Past Crucial Resistance, Which Way Is It Headed Now?
Aave managed to break past its crucial resistance of $104 over the last 24 hours. As the market demonstrated strength, altcoins across the industry attempted to move north. Bitcoin climbed above the $30,000 price level and this extended gains across the altcoin market.
At the time of writing, Aave was still quite close to the $104 price level which now acts as a support. The bulls need to amplify in order for the bearish thesis to be invalidated. Over the last week, Aave gained about 10% on its chart. A current fall in price will push the coin below the $103 support line.
Right now the coin has been facing strong resistance at the $108 price level. For the coin to trade in a bullish price action, it is important for Aave to trade above the $108 resistance level. If the coin doesn't manage to move above the aforementioned level then Aave might extend further losses.
Aave Price Analysis: One Day Chart
Aave was priced at $105 on the one day chart | Source: AAVEUSD on TradingView
The altcoin was trading at $105 at the time of writing after breaking past the $104 resistance level. Overhead resistance for the coin stood at $108. A break below the current price level can push the coin to the $93 mark. The other major resistance mark stood at $120.
Aave last traded around this price level in the month of January 2021. Over the last one week however, buyers attempted to return to the market. The same reading was reflected on the volume bars. Volume traded in the last session was in t...
|Biggest Movers: Cosmos Climbs 15%, as AAVE Nears a 10-Day High
ATOM was trading over 15% higher on Friday, as prices rose for a second consecutive session. Today's rise took ATOM to its highest point since the start of the week, and comes as AAVE neared a 10-day high.
ATOM was one of the biggest movers in Friday's session, as price climbed to its highest point since the beginning of the week.
Following a low of $10.55 on Thursday, ATOM/USD surged by over 15% on Friday, hitting a peak of $12.12 in the process.
The move comes as ATOM used yesterday's support point of $9.90 as a springboard to these heights, following a huge bearish drop the day prior.
Today's surge now sees prices approaching a ceiling of $12.35, which has been in place since May 11, following almost two weeks of declines.
Looking at the chart, after breaking out of one resistance level of 34, the Relative Strength Index is now tracking at 38, which is close to another ceiling at 40.
Should we see ATOM overcome this obstacle, then bulls will likely make a run toward the $15 mark during the course of the weekend.
AAVE also rose for the second session running, with Friday's gains pushing prices close to their highest level in nearly two weeks.
Today's surge in AAVE/USD, which is also over a 10% climb, saw prices hit a peak of $97.38 less than 24 hours after trading at $86.41.
Friday's top is the most AAVE has traded at since May 10, when prices dropped from highs above $120.
As a result of the recent market consolidation, which has seen prices ...
|Aave Launches Social Media Project Lens Protocol With Over 50 Apps Built...
The blockchain firm Aave has launched the Lens Protocol, a social media project with applications built on the Polygon blockchain. Lens is similar to the social media platform Twitter but Lens profiles are linked to a non-fungible token (NFT) that can be ported into decentralized applications.Lens Protocol Is Live – Aave Founder Believes People Are 'Ready for a Better Social Media Experience'
On Wednesday, the blockchain company Aave announced that the Lens Protocol is now live and roughly 50 applications have debuted on the platform. Aave first revealed the Lens Protocol during the first week of February 2022 and the first applications are built on top of the Polygon network.
Stani Kulechov, CEO and founder of Aave Companies said the recent Twitter ordeal with Elon Musk shows that people are looking for something different than the incumbent social media platforms. 'The social media experience has remained relatively unchanged for the last decade, and much of that is due to your content being solely owned by a company, which locks your social network within one platform,' Kulechov said in a statement sent to Bitcoin.com News.
The Aave founder added:
But ultimately, as seen from Elon Musk's bid to purchase Twitter, people are ready for a better experience than what they're used to. Ownership over not only the content you create online, but also your profile and social network is long overdue, and empowering users is what Lens aims to achieve.
Lens Boasts 50+ Social Ap...
|Biggest Movers: AVAX Rebounds on Tuesday, AAVE up Over 10%
Global crypto markets are up over 2% during Tuesday's session, with AAVE and AVAX two of the biggest tokens to rise. Both of these cryptocurrencies rebounded from losses during yesterday's session, with AAVE trading as much 10% higher.
AAVE rebounded during Tuesday's trading session, as bulls returned to action after a recent three-day winning streak was snapped yesterday.
Following a low of $82.02 to start the week, AAVE/USD rallied by as much as 10% today, hitting a peak of $92.16 in the process.
Today's move pushed prices away from the long-term support level of $80, and they now hover marginally below a resistance point of $94.
Bulls in AAVE seem to be targeting the $100 level, however we will likely not see a move towards this point unless the current ceiling on the RSI is broken.
Looking at the chart, the 14-day Relative Strength Index is tracking below a resistance of 36.30, which is the highest point the indicator has hit in the past ten days.
Overall, although prices are currently oversold, both the short and mid-term moving averages show that momentum is still bearish.
Similar to AAVE, AVAX saw its price climb higher on Tuesday, after a brief stint in the red to start the trading week.
AVAX/USD rose to a peak of $35.47 earlier in the day, which comes following a low of $32.22 during Monday's session.
As a result of today's move, AVAX is now trading marginally below a resistance level of $37.30, which appears to be the point bulls are t...
|Aave Below Its Long Term Support; What To Expect Now?
Aave has been on a downtrend since April amidst intense volatility in the market. Major altcoins have extended losses owing to a major sell off all across the cryptocurrency industry. Over the past week, the coin presented lower lows and displayed intense selling pressure.
The altcoin has also experienced high trading volumes which was tied with increased selling pressure. This has also added to the falling market value of the asset on the one day chart.
Fall from the current price level would mean Aave could soon eye the support region of $50. Aave has been among the top losers in the industry with a loss of over 51% in the past one week.
Aave Price Analysis: One Day Chart
Aave was priced at $74 on the one day chart | Source: AAVEUSD on TradingView
Aave was priced at $74.80 at the time of writing. The altcoin traded at this price level a year ago in January. The downtrend for Aave seems strong because the altcoin just broke below its long standing support line of over a year.
Chances of a price reversal cannot be ruled out yet because the altcoin has broken below its descending trendline. Often after a sharp fall, prices make a turn around. In case of a price revival, Aave could target $111.
Another fall from its present price level would make the altcoin trade near the $61 support line and then hover around the range of $50. As mentioned above, the trading volume rose and was seen in red signifying bearishness in the market.
Aave registered sharp sell-o...
|Biggest Movers: APE up Almost 30%, ZIL and AAVE Among Wednesday's ...
APE was up close to 30% on Wednesday, as the recently listed token climbed to its highest point since it began trading on March 17. AAVE also saw a double-digit percentage increase today, whilst ZIL extended recent gains.
AAVE was up by nearly 10% in today's session, as prices rallied for a third consecutive session, following losses last week.
Tuesday saw AAVE/USD hit a low of $175.69, however today, prices surged to an intraday peak of $198.02.
This move saw AAVE climb to its highest point in two weeks, April 6 to be precise, where price was trading above $200.
Looking at the chart, this $200 mark has long acted as a resistance point, and this ceiling held firm today as bulls raced towards this level.
Bulls would have likely taken profits, as the 14-day RSI neared its own ceiling of 54.90, which hasn't been broken in over a month.
Should this ceiling be broken, there is a strong possibility that prices could be heading towards $240, which seems to be the next key resistance point.
Speaking about resistance, ZIL rose to its own ceiling during Wednesday's session, as traders extended yesterday's bullish momentum.
Following a bottom of $0.1097 yesterday, ZIL/USD hit an intraday high of $0.1237 on hump-day, which is its highest level since last Thursday.
This high was also marginally below its long-term resistance level at $0.1260, which was last broken two weeks ago.
Several false breakouts later, ZIL is now once again back to this point, and bulls have s...
|Biggest Movers: ZIL Jumps on Metapolis News, as AAVE Almost 15% Higher o...
ZIL was on the rise yet again to end the week, as prices are now trading almost 300% higher than on Monday. The increase in value comes as markets gear up to the release of Zilliqa's metaverse service platform called 'Metapolis.' Many expect the official launch to come tomorrow, and anticipate it to be a game-changer in this space.
ZIL extended this week's gains, climbing by as much as 14% today, taking its one-week price increase to over 300%.
Surges in the price of the Zilliqa token came as markets anticipated a new product launch that would adapt a metaverse-as-a-service model.
Bulls have bought into the idea, with ZIL/USD climbing to an intraday high of $0.2281 on the news.
This is the most ZIL has traded since May 10 last year, and comes as the 14-day RSI continues to track off the charts.
As of writing this, the indicator was tracking at 92.48, which is beyond the overbought threshold of 70, however, does not look to be losing any momentum.
However, the age-old adage 'what goes up must come down' rings true, despite current bulls likely to continue riding the wave.
AAVE rose to a multi-month high during Friday's session, as prices rebounded from a disappointing day of trading yesterday.
Following a low of around $205.16 to begin the day, AAVE/USD surged to a high of $246.52 during Friday's session.
This is the highest point AAVE has hit since January 4, and comes as the 14-day RSI bounded from recent support of 69.05.
The surge in price strength ...
|Biggest Movers: Apecoin up Nearly 100% on Second Day of Trading, AAVE, H...
On its second day of trading, APE rose by nearly 100% and is up over 1,200% in the last two sessions. Although gains were significantly more muted, AAVE and HNT also climbed higher to end the week.
Although APE was undoubtedly today's biggest mover, there isn't much to discuss in the way of technical analysis, due to it only being in circulation for less-than 48-hours.
As such, AAVE takes this honor by default, as its price climbed by over 10% during today's trading session.
Following a low of $142.83 on Thursday, AAVE/USD rose to an intraday high of $159.78, which is its highest level since February 17.
This high came as prices broke out of the recent resistance level of $149.00, following five consecutive days of gains.
As a result of this streak, the 14-day RSI has risen to a high of 65 for the first time since December, meaning that AAVE is now overbought.
Should this momentum continue despite its current position, we could see prices targeting the $192 level next.
Despite trading within a long-term descending triangle, HNT has now risen for five consecutive sessions, and is up nearly 6% today.
As of writing this, HNT/USD rallied to an intraday peak of $24.22, following a low of $19.02 to begin the week.
This comes as trades moved the price away from support of $20 on Monday, to now trading at a 17-day high.
As a result of these gains, price strength has climbed to its highest level since early February, with the RSI now hitting a high of 54.74.
|AAVE Price Surges by 30% as Whales and Sharks Accumulate
The price of AAVE – the token behind the popular DeFi lending protocol – has seen a major price pump in the past few days after the launch of Aave V3. Whales have contributed to these gains, accumulating over 70,000 AAVE in the last 2 months.
The upgrade – reported by CryptoPotato on Wednesday – introduced cross-chain portals, allowing users to take their assets to versions of the protocol on alternative networks. It also reduced gas costs for all Aave functions by an average of 20-25%.
AAVE’s price has risen sharply since. Starting at $124 at 10:00 am EST on March 16th, it has now risen to $158 at the time of writing.
That’s a 32.9% gain in the past week, since AAVE was at just $116 last Friday.
Similar to BNB token, AAVE offers its holders discounted trading fees when using the Aave protocol. It also operates as a governance token, giving its holders a say in Aave’s future development.
AAVE saw its all-time high back in May of last year, reaching up to $661. It’s still down 76% from then.
However, trading volume is currently around $475 million – highs not seen since early this year.
Whale accumulation has been slowly on the rise since about the same time. According to on-chain metrics, users holding between $152,000 and $1.52m in AAVE have accumulated over $10.5m in the token since January.
|Aave V3 Goes Live on Mainnet, Including Redesigned App
Aave – the popular web 3.0 lending protocol – has released its anticipated V3 update. The new version includes multiple new features that reportedly offer “increased capital efficiency” and “enhanced decentralization”.
According to an announcement from the company, one of the new features includes “Portals” allowing for transfers of Aave V3 assets across different chains by “permit listed” bridge protocols, approved by Aave governance.
Many chains will be available given that the update was greenlit across Polygon, Fantom, Avalanche, Arbitrum, Optimism, and Harmony.
Different blockchain networks can feature varying transaction fees, settlement times, and interoperability with other protocols. However, bridges have been known to face security issues in the past, necessitating trusted resources to empower cross-chain transfers.
Another new feature includes “high-efficiency mode” or “E mode”, allowing borrowers to secure more money for their collateral within the same asset category.
As a security boost, Aave also added an “isolation mode” that limits the degree to which new and unestablished assets can be used as collateral for loans. New assets are often prone to high volatility, making for unstable collateral and frequent liquidations.
Gas costs for all Aave functions have reportedly been reduced by 20-25% with the update.
Finally, the Aave App has been redesigned with a new...
|Aave to Move Forward in Brazil's Central Bank Innovation Challenge
The central bank of Brazil revealed on March 3rd that it has picked a total of nine projects to advance in its challenge to develop a central bank digital currency (CBDC). One of the projects is Aave.
The LIFT Challenge
The central bank of Brazil revealed the so-called LIFT Challenge where the current theme is 'Real Digital.'
The main objective of this challenge is to evaluate use cases of digital currencies issued by the central bank as well as how technologically feasible they are. There are multiple characteristics that participants have to keep in mind when submitting a proposal some of them include, but are not limited to:
Scalability of the proposed solution aimed at 'retail applications of national scope.'
Privacy of the information that used in the use case, yet compliance with existing regulations.
In a recent announcement, Banco Central de Brasil revealed that they've selected 9 projects for monitoring, representing roughly around 20% of the total proposals that were submitted by all 43 different companies.
Aave Amongst the Selected Few
One of the projects that made the cut is Aave. The description of the protocol is that it 'gathers resources from several savers (forming a liquidity pool) with a focus on offering loans and guaranteeing the adherence of these operations to the rules of the financial system, using DeFi tools.'
Other companies whose proposals were accepted for the next step include Santander Bank of Brazil,...
|21Shares Lists Decentraland, AAVE, FTX ETPs on Euronext Paris and Amster...
The Swiss-based issuer of crypto exchange-traded products (ETPs), 21Shares, announced the listing of three new digital asset-oriented ETPs on Euronext exchanges in Paris and Amsterdam - Decentraland, AAVE, and FTX Token.
The exchange-traded products will enable market players to get exposure to the three assets without the need to own the underlying assets.
According to the official press release, 21Shares Decentraland ETP, Aave, and 21Shares FTX Token ETP will be listed on Euronext Paris and Amsterdam.
Decentraland (MANA) has emerged as one of the most established tokens in the metaverse ecosystem, with a market cap of almost $6 billion. It is the native coin of Ethereum-powered virtual reality platform Decentraland.
AAVE, on the other hand, is an Ethereum token that drives decentralized non-custodial money market protocol, Aave.
FTT is the native token of FTX exchange. 21Shares representative earlier commented that FTX Token is an attractive investment case providing exposure to the third-largest cryptocurrency exchange in the world.
The performance of each ETPs is directly linked to the tokens without leverage, and 21Shares holds the underlying assets in its cold storage.
Last week, 21Shares announced listing MANA and FTT on the Swiss-based BX exchange. Commenting on the development, CEO and co-founder Hany Rashwan said that adding the world's first NFT and single Metaverse ETP was one of the company's key milestones.
Since its inception in 2018, 21Shares has significantl...
|Aave Launches Web3, Smart Contracts-Based Social Media Platform Built on...
The decentralized finance (defi) lending platform Aave has revealed the launch of a Web3 social media platform called the Lens Protocol. According to the team, Lens is a 'Web3, smart contracts-based social graph' that is built using the Polygon blockchain. Defi Project Aave Drops the Lens Protocol, Platform's Intent Is to 'Empower Creators to Own the Links Between Themselves and Their Community'
For quite some time now, decentralized social media has been a Holy Grail to many cryptocurrency advocates. While it is obvious that social media platforms could leverage crypto assets so contributors can utilize micro-payments, blockchain can also be utilized for a decentralized version of censorship-resistant social media ownership. On February 8, the defi lending project Aave revealed the launch of the Lens Protocol, a Web3 social media platform that uses the proof-of-stake (PoS) network Polygon.
By the dev team who brought you the Aave Protocol, introducing @Lensprotocol. It's time to own your digital roots🌿Read the full thread to learn more 👇👇👇 https://t.co/5FR1nfj9Vv
- Aave (@AaveAave) February 7, 2022
Aave details in a recently published blog post about the subject, that the Web3 Lens Protocol is 'designed to empower creators to own the links between themselves and their community, forming a fully composable, user-owned social graph.' The developers say the protocol is 'built from the ground up with modularity in mind, allowing new features to ...
|21Shares Adds Aave, Chainlink, and Uniswap ETPs on BX Swiss
21Shares AG – a Switzerland-based investment product issuer – announced the listing of three new cryptocurrency exchange-traded products on the BX Swiss. Aave, Chainlink, and Uniswap are respectively the underlying assets of the ETPs.
Additionally, the global investment manager – VanEck – introduced its first multi-token cryptocurrency fund.
Diving Deeper into ETPs
According to a recent press release, 21Shares has doubled down on its digital asset endeavors by rolling out three more exchange-traded products based on cryptocurrencies. The ETPs are now listed on the stock exchange operator BX Swiss and track the performance of the following projects: Aave, Chainlink, and Uniswap.
The company described the first as “the forefront of decentralized finance through its open-source, non-custodial liquidity market protocol.”
Chainlink, in turn, is among “the most sophisticated networks” which has grown to encompass a significant number of use cases for DeFi, NFTs, and gaming applications, 21Shares outlined.
Uniswap delivers liquidity and trading for tokens of the Ethereum blockchain. The rapid development of the project has allowed its ecosystem to integrate more than 300 applications, compassing for a trading volume of over $750 billion.
Hany Rashwan – CEO and Co-Founder of 21Shares – pointed out that the most recent listings will enable investors to gain greater access to the crypto world.
“This is another exciting a...
|Permissioned DeFi protocol Aave Arc goes live on Fireblocks
Firebox, a software platform for custody, managing treasury operations, accessing DeFi, minting & burning tokens, and managing digital asset operations, announced that Aave Arc, a new permissioned DeFi liquidity pool for institutions, is now live with Fireblocks as the very first active white-lister for the protocol.
Aave Arc is a DeFi liquidity market designed to be compliant with AML regulations, with all participating institutions required to undergo Know Your Customer (KYC) verification. Providing a separate deployment of the Aave V2 liquidity pool for institutional players, the protocol enables whitelisted institutions to securely participate in DeFi as liquidity suppliers and borrowers.
Now, Fireblocks users who volunteer to become whitelisted by undergoing a KYC process can access Aave while benefiting from Fireblocks’ industry-leading security. In general, permissioned protocols like Aave Arc can offer the decentralization benefits of DeFi, while allowing only permissioning (white-listing) to be more centralized for KYC/AML purposes.
“DeFi represents a powerful wave of financial innovation including transparency, liquidity, and programmability–and it’s been inaccessible to traditional financial institutions for far too long. The launch of Aave Arc allows these institutions to participate in DeFi in a compliant way for the very first time.”
- Stani Kulechov. Founder & CEO of Aave
Supporting permissioned DeFi on Aave Arc as a white-lister
|Defi Lending Startup Aave Launches Permissioned Platform to Entice Finan...
On January 5, the open-source non-custodial decentralized finance (defi) lending platform Aave launched a permissioned version of the protocol aimed at institutions. The platform dubbed Aave Arc will leverage Fireblocks as the first whitelister as the platform aims to help bridge traditional financial institutions with defi.
KYC-Centric Defi Liquidity: Aave Launches Aave Arc Permissioned Protocol for Financial Institutions
Aave has launched a permissioned platform called Aave Arc on Wednesday, a new protocol dedicated to financial institutions that want to particpitate in defi in a compliant manner. Aave is a popular defi lending platform and the defi protocol has the third-largest total-value locked (TVL) today. Metrics show that Aave has a $14.52 billion TVL spread across three blockchains including Ethereum, Avalanche, and Polygon.
The crypto custody firm Fireblocks has approved 30 financial entities to join Aave Arc. The list includes firms like Ribbit Capital, Coinshares, Hidden Road, Wintermute, and Celsius. Aave revealed the Aave Arc concept in July 2021, and in mid-November it was disclosed that Fireblocks was the first whitelister. The defi startup also described how Aave Arc would work after explaining that defi was 'inaccessible to traditional financial institutions.'
'Aave Arc is a permissioned market based on the Aave V2 market,' Aave said at the time. 'In the spirit of innovation and experimentation, Aave Arc creates a Web3-native experience for financial instit...