Aave has hit a historic milestone, with its Total Value Locked (TVL) surpassing $25 billion. This significant growth reflects the platform’s increased user engagement and confidence in its lending services, according to co-founder Stani Kulechov who announced the new record on social media. 💰
The increase comes alongside a 95% surge in AAVE token price, suggesting robust performance within the DeFi space. This TVL growth is even more impressive when considering its 35% jump over the last month alone, showing strong investor interest. 📈
Aave’s continued rise to prominence is supported by features like a user-friendly interface and innovative lending protocols. The platform’s expansion into institutional and retail participation further reinforces this status. 👀
Experts believe AAVE price appreciation, coupled with decreased token availability on exchanges, points towards long-term accumulation strategies rather than selling. This could signal greater future price stability.