Aave’s DeFi success cushions AAVE prices amid market crash

📆 07/08/2024 10:31:00
📰 CryptoAmb

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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.”

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