Aave’s DeFi success cushions AAVE prices amid market crash

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

AAVE traded in the green on Tuesday after a heavy crypto sell-off earlier this week, getting additional boost from its DeFi ecosystem

Aave has been an outlier this week, largely trading against the general market downtrend.price rising above $56K during Tuesday’s trading session.was trading at $101 at press time, slightly below an intra-day high of $106.92 per CoinMarketCap data.Crypto-related equities and global stock markets are also seeing stability after plunging this week.

The lending protocol handled decentralized liquidations effectively, earning the Aave Treasury $6 million in revenue overnight.“DeFi always on, never sleeps, open networks, open-source protocols, auditable in real time.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market movers: Stocks seeing action on TuesdayA survey of North American equities heading in both directions
Source: globeandmail - 🏆 5. / 92 Read more »