AAVE adds 25% as the protocol expands lending to new records
The total value locked (TVL) in the Aave protocol expanded from its lows in March and April. After months of weakness, AAVE reawakened, adding 25% in a single day of trading.
Aave solidifies its position as the main lending protocol, present on most top chains. The inflow of funds and expanded lending boosted the native AAVE token, bringing the asset to a one-month high. AAVE also almost recovered its levels from early February, erasing the sell-off in March and April.
AAVE climbed relentlessly in the past day from a local low of $210, up to $268.56, adding over 25% to its price. AAVE also sparked expectations of rallying to a higher price range, reviving previous predictions of price levels over $350.
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