$ETH Ethereum, DeFi, and a business with two strong cryptocurrencies

The Aave and Uniswap protocols embrace historic milestones, confirming the report on decentralized finance. Is it a mirage or a solid recovery?

Digital Economy

The Aave, Tether, and Uniswap protocols reached new superlative milestones, coinciding with signs of recovery in the cryptocurrency market.

Thus, not only is investment in assets like Bitcoin or Ethereum rebounding, but also the activity of decentralized finance, that is, investment protocols that do not want intermediaries but base their operation on smart contracts.

In this way, data from DefiLlama shows that the total value locked (TVL) of Aave, which allows "lending" coins in exchange for a fee, surpassed $12 billion, while the supply of the Tether stablecoin (one of the assets used in DeFi) continues its expansion, increasing liquidity in decentralized exchanges.

Meanwhile, the daily trading volume of Uniswap, which allows the exchange of coins between users, also exceeded $2 billion, reflecting renewed interest from traders and solid on-chain activity.

Decentralized Finance: What is happening with AAVE

But protocols like Aave or Uniswap not only allow taking advantage of DeFi: it is also possible to capitalize on this good moment to acquire their native coins, which, due to the increased activity, are also rising in demand.

The same is true for Ethereum, which hosts the main protocols. In fact, AAVE is at $228, far from the $340 of late 2024, while Uniswap at that time was trading at $19 (today, $7). At that time, ETH surged to $4,000, showing the symbiosis of the DeFi ecosystem.

Although investors doubt whether this good news is the prelude to a new expansive cycle for decentralized finance or just a transitory rebound, hard data supports the first option.

The price of Ethereum (ETH) is almost touching $2600.