AAVE surged 20% in a single day, topping the list of price increases, it looks like the bull market is really here.
I have mentioned before that the most essential sectors in a bull market are lending, staking, and cross-chain.
Why? Because everyone is reluctant to sell their coins, they choose to stake and borrow stablecoins to invest elsewhere.
Staking itself brings substantial profits to public chains; the stronger the bull market, the more staking occurs.
Once major public chains gain momentum, cross-chain demand becomes essential.
So, a while ago, I said it was possible to bottom out AAVE; the logic is sound. The demand for lending in a bull market is rigid, and AAVE has basically monopolized the market, with the big players having the strength to control it.
Now the lending sector of AAVE has already started; if you missed it, you can consider looking at $MKR.
