AAVE Price Prepares for 50% Surge As Rare Bullish Pattern Forms
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AAVE token price has already jumped by over 132% from its lowest level in April, and a rare technical formation points to another 50% surge.
AAVE (AAVE), the biggest player in decentralized finance, continued doing well this week as the total assets in its network jumped to a record high.
According to its website, the total market size on Ethereum has soared to $33.5 billion, with those borrowed being $13 billion. The funds available to borrow have jumped to $20.45 billion.
AAVE has also been growing in other chains, like Base, Sonic, and Arbitrum. Its total market size on the recently launched Sonic has jumped to $383 million, while on Base hit $882 million this week.
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AAVE’s GHO stablecoin has also gained market share as its market cap jumped to a
record high of $255 million.