Multicoin Capital Invests $10.7 Million in AAVE Despite Losses – Signaling Long-Term DeFi Belief

Despite recent market volatility and unrealized losses, Multicoin Capital has made a significant investment of $10.7 million in AAVE tokens. This strategic move showcases their continued faith in the decentralized finance (DeFi) sector’s long-term potential. 2023 has witnessed notable DeFi adoption, with institutions like Multicoin Capital aligning their strategies to capitalize on these trends.