AAVE has experienced a significant price surge, climbing 11% in just two days following a signal from iCrypto.
Over the past month, the token has skyrocketed by more than 65%, making it one of the best performers in the DeFi space. AAVE is currently ranked #2 in Smart Money (SM) accumulation over the last 30 days, signaling strong investor confidence.
🔥 $AAVE surged +11% in just 2 days since iCrypto Signal
Actually, $AAVE has been up over 65% over the past month. And it's currently ranked #2 in Smart Money (SM) accumulation last 30 days.
👉 Upgrade to iCrypto PRO|PRO+ to receive early signals: https://t.co/mpxvdIYUVD https://t.co/HWZvcLyGq5 pic.twitter.com/ewMMoIPOey
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) September 11, 2024
On average, Aave generates roughly 1/6 of the fees that Ethereum does. If AAVE’s market capitalization mirrored this ratio, the token would be valued at approximately $3,150, indicating considerable growth potential.
Aave makes on average around 1/6 the fees of Ethereum. If $AAVE had 1/6 the market cap of Ethereum the token would be worth $3,150.
I don't make the rules. pic.twitter.com/cj5Qzg08cq
— Krugman (@krugman87) September 10, 2024
Aave’s revenue could continue to expand, driven by several key factors. These include the addition of isolated markets, upcoming deployments on new chains like Solana (SOL), and the development of advanced financial products—often referred to as “money legos”—being built on top of its protocol.
Further Development On Aave As Community Gets Ready
The Aave community is also gearing up for further developments, as a DAO proposal seeks to add Coinbase’s cbBTC on Ethereum, as well as integrate @base into Aave V3 upon its launch. Aave has become the go-to protocol for supporting the launch of Tier-1 assets, cementing its reputation as a key player in the DeFi ecosystem.
DAO proposal to add @coinbase's cbBTC on Ethereum and @base to @aave V3 upon launch. Aave has become the preferred protocol for supporting Tier-1 asset launches. https://t.co/awQ22efItT
— Stani (@StaniKulechov) September 11, 2024
With its continued expansion into new markets and innovative financial products, Aave is poised for further growth. If it can maintain its momentum, both in terms of price appreciation and revenue generation, AAVE could solidify its position as one of the leading DeFi protocols in the crypto space.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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