AAVE, The Shining Star Of The DEFI Market...

By Nas.A | Journey To The Cryptocurrency Ocean | 29 Nov 2020

AAVE, The Shining Star Of The DEFI Market...

I gave information about AAVE in my article dated 11 November. I will talk about the developments in the past time. I will also make an important reminder.

AAVE is one of the most important projects in the DEFI industry. Features have become stronger as a result of merging with LEND. For those that do not change LEND tokens, my previous article explained how to trade. According to information from AAVE, 91.41% of LEND tokens were exchanged for AAVE.

When I published my article on November 11, it was at $ 60.23. In a week, it climbed as high as $ 79.46. In a week, the value increased by 31.5%. Afterwards, it entered a downward trend that started with Bitcoin in the market. It currently stands at $ 62.95.

According to CoinMarketCap data, it ranks 33rd in terms of transaction volume.

Aave is an open source and unattended protocol that enables the creation of liquidity markets. Users can earn interest on deposits and borrow assets. According to CoinGenko data, the DEFI market cap is $ 17 billion. It is increasing day by day. This reflects positively on AAVE. AAVE controls 12% of the DEFI market.

AAVE, top 10 tokens by trading volume

Important Reminder

Axie Infinity and Aave are teaming up for an exclusive NFT quest!

I explained how to register in detail in my previous article. Check it out please…

Result
When we look at the AAVE / BTC chart, it is seen that it has come to the point of congestion. Trading volume can rest at $ 97 with backing, then $ 136. The open source and unattended AAVE, which does important work in the DEFI market, is open to significant developments in 2021. You should get the Non-Fungible Tokens (NFT) made in cooperation with Axie company. As I always said, listen to everyone, decide for yourself ...