Bitwise CIO Highlights Decline in Aave's USDT Borrowing Rates

According to BlockBeats, Bitwise CIO Matt Hougan recently shared on social media that the annualized interest rate for borrowing USDT on the Aave platform has dropped to approximately 3.2%. This significant decrease in borrowing rates reflects a notable decline since the election period. Hougan suggests that this trend indicates the market is at or nearing its bottom.