Aave Soars 19%, Leading Crypto Gains After Aptos Launch

The AAVE cryptocurrency experienced a significant surge, jumping nearly 19% to reach $355 over a 24-hour period. This rise led the top 40 digital assets by market capitalization as investors responded to the protocol’s expansion beyond Ethereum and signals from Federal Reserve Chair Jerome Powell regarding potential interest rate cuts. Aave Labs announced the AAVE token launch on Aptos blockchain for the first time outside of the Ethereum ecosystem, marking a key milestone in technical development.