{"id":633446,"date":"2024-08-06T21:30:04","date_gmt":"2024-08-06T21:30:04","guid":{"rendered":"https:\/\/ktsl888.com\/?p=633446"},"modified":"2024-08-06T13:04:27","modified_gmt":"2024-08-06T13:04:27","slug":"aave-protocol-unfazed-by-market-jitters-surges-21","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/aave-protocol-unfazed-by-market-jitters-surges-21\/","title":{"rendered":"Aave Protocol Unfazed By Market Jitters, Surges 21%"},"content":{"rendered":"

Crypto lending protocol Aave restarts its bullishness as the market resets. AAVE, the namesake token of the platform, surged to nearly 20% in the past 24 hours, capturing the momentum of the <\/span>broader<\/span><\/a> market which is still up by over 5% since yesterday.\u00a0<\/span><\/p>\n

Related Reading: Binance Coin In Turmoil: Nearly 10% Value Erased In Market Shake-Up<\/a><\/div>\n

Aave\u2019s recent developments also contributed to this rally. However, the broader crypto-finance market might be in disagreement with the platform\u2019s current performance.<\/span><\/p>\n

$200 Million In Market Size Unlocked On Aave<\/strong><\/h2>\n

Lido Finance, a crypto staking platform, recently <\/span>onboarded<\/span><\/a> the platform\u2019s Lido V3 market instance, custom-made for Aave which is tailored to Lido\u2019s staked Ethereum (stETH) and wrapped staked Ethereum (wstETH). This will significantly improve user experience in lending and borrowing stETH and wstETH as it can be fine-tuned to maximize profitability for Aave users.\u00a0<\/span><\/p>\n

\n

The Lido V3 market on @aave<\/a> has been live for 48 hours and just surpassed $200m in market size \ud83d\udc7b<\/p>\n

Here’s what you need to know \ud83d\udc47 pic.twitter.com\/aNSGxsq2fy<\/a><\/p>\n

\u2014 Lido (@LidoFinance) July 31, 2024<\/a><\/p><\/blockquote>\n

This helped AAVE recover in price. The platform also <\/span>experienced<\/span><\/a> a significant bump in the total value locked (TVL) with a near 10% increase since yesterday. However, the broader market seems to be at odds with Aave\u2019s recent bullishness.<\/span><\/p>\n

\"\"<\/p>\n

The 2nd quarter revealed some cracks within the lending portion of the decentralized finance (DeFi) space. According to CoinGecko\u2019s 2nd Quarter <\/span>research<\/span><\/a>, over $31.87 billion in TVL is dedicated to lending, marking a significant cut of the pie on DeFi. However, the main functions of DeFi such as staking, lending, and cross-chain bridges saw a huge decrease in TVL, totaling over $8 billion.\u00a0<\/span><\/p>\n

The value that left these sectors returned in the form of restaking in other platforms or to basis trading protocols that saw a whopping 154% increase in TVL in Q2.\u00a0<\/span><\/p>\n

This decrease in lending activity also translated to the assets on the platform. Blockanalitica <\/span>reveals<\/span><\/a> that a majority of the wallets that hold collateral on Aave are either medium or high risk.<\/span><\/p>\n

\"\"<\/p>\n

If the market drops by 25%, majority of the wallets are in the red which represents liquidation. This shows that lending on DeFi remains to be dangerous, especially with the current market volatility experienced this week.\u00a0<\/span><\/p>\n

AAVE market cap currently at $1.4 billion. Chart: TradingView<\/a><\/figcaption><\/figure>\n

A Short Squeeze?<\/h2>\n

AAVE is currently occupying the range between $93 and $102. This position, although a big downgrade from its return from June price levels, is a solid support for a possible breakthrough in the near future.<\/span><\/p>\n

Related Reading: Bloody Monday: Cardano Not Spared From Bloodbath, Suffers 30% Loss<\/a><\/div>\n

However, as it moves independent of the market, this current bullishness might just be a short squeeze or a sudden increase in price before a sharp fall.\u00a0<\/span><\/p>\n

With the current market environment reflecting this volatility, AAVE will have a hard time securing its June price level bringing in the possibility of further downturns.\u00a0<\/span><\/p>\n

Featured image from Zerion, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto lending protocol Aave restarts its bullishness as the market resets. AAVE, the namesake token of the platform, surged to nearly 20% in the past 24 hours, capturing the momentum of the broader market which is still up by over 5% since yesterday.\u00a0 Related Reading: Binance Coin In Turmoil: Nearly 10% Value Erased In Market Shake-Up Aave\u2019s recent developments also contributed to this rally. However, the broader crypto-finance market might be in disagreement with the platform\u2019s current performance. $200 Million In Market Size Unlocked On Aave Lido Finance, a crypto staking platform, recently onboarded the platform\u2019s Lido V3 market instance, custom-made for Aave which is tailored to Lido\u2019s staked Ethereum (stETH) and wrapped staked Ethereum (wstETH). This will significantly improve user experience in lending and borrowing stETH and wstETH as it can be fine-tuned to maximize profitability for Aave users.\u00a0 The Lido V3 market on @aave has been live for 48 hours and just surpassed $200m in market size \ud83d\udc7b Here’s what you need to know \ud83d\udc47 pic.twitter.com\/aNSGxsq2fy \u2014 Lido (@LidoFinance) July 31, 2024 This helped AAVE recover in price. The platform also experienced a significant bump in the total value locked (TVL) with a near 10% increase since yesterday. However, the broader market seems to be at odds with Aave\u2019s recent bullishness. The 2nd quarter revealed some cracks within the lending portion of the decentralized finance (DeFi) space. According to CoinGecko\u2019s 2nd Quarter research, over $31.87 billion in TVL is dedicated to lending, marking a significant cut of the pie on DeFi. However, the main functions of DeFi such as staking, lending, and cross-chain bridges saw a huge decrease in TVL, totaling over $8 billion.\u00a0 The value that left these sectors returned in the form of restaking in other platforms or to basis trading protocols that saw a whopping 154% increase in TVL in Q2.\u00a0 This decrease in lending activity also translated to the assets on the platform. Blockanalitica reveals that a majority of the wallets that hold collateral on Aave are either medium or high risk. If the market drops by 25%, majority of the wallets are in the red which represents liquidation. This shows that lending on DeFi remains to be dangerous, especially with the current market volatility experienced this week.\u00a0 A Short Squeeze? AAVE is currently occupying the range between $93 and $102. This position, although a big downgrade from its return from June price levels, is a solid support for a possible breakthrough in the near future. Related Reading: Bloody Monday: Cardano Not Spared From Bloodbath, Suffers 30% Loss However, as it moves independent of the market, this current bullishness might just be a short squeeze or a sudden increase in price before a sharp fall.\u00a0 With the current market environment reflecting this volatility, AAVE will have a hard time securing its June price level bringing in the possibility of further downturns.\u00a0 Featured image from Zerion, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":633503,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[79511,89981,142,1557],"class_list":["post-633446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-aave","tag-aave-protocol","tag-altcoins","tag-cryptocurrencies"],"acf":[],"yoast_head":"\nAave Protocol Unfazed By Market Jitters, Surges 21%<\/title>\n<meta name=\"description\" content=\"Crypto lending protocol Aave restarts its bullishness as the market resets. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Aave Protocol Unfazed By Market Jitters, Surges 21%","url":"http:\/\/ktsl888.com\/news\/aave-protocol-unfazed-by-market-jitters-surges-21\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/aave-protocol-unfazed-by-market-jitters-surges-21\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/a_cdaa9a.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/a_cdaa9a.png?fit=2400%2C1350"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["aave","aave protocol","altcoins","cryptocurrencies"],"dateCreated":"2024-08-06T21:30:04Z","datePublished":"2024-08-06T21:30:04Z","dateModified":"2024-08-06T21:30:04Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Aave Protocol Unfazed By Market Jitters, Surges 21%\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/aave-protocol-unfazed-by-market-jitters-surges-21\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/aave-protocol-unfazed-by-market-jitters-surges-21\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/a_cdaa9a.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/a_cdaa9a.png?fit=2400%2C1350\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"aave\",\"aave protocol\",\"altcoins\",\"cryptocurrencies\"],\"dateCreated\":\"2024-08-06T21:30:04Z\",\"datePublished\":\"2024-08-06T21:30:04Z\",\"dateModified\":\"2024-08-06T21:30:04Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/a_cdaa9a.png?fit=2400%2C1350","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/633446"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=633446"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/633446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/633503"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=633446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=633446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=633446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}