Aave Soars 25% Amidst Market Downturn: GENIUS Act Fuels DeFi Rise

AAVE, a cryptocurrency token powering the popular decentralized finance platform Aave, has experienced an impressive surge of over 25% in just one day. This remarkable performance puts it at the top of the top 100 cryptocurrencies while major market benchmarks are dipping. Experts attribute this rise to the growing support for the U.S. GENIUS Act, which could lead to less restrictive regulations for DeFi and stablecoins in the US.