3 factors for stunning AAVE performance and one of them may not be fully priced at
AAVE climbed almost 19% to $ 355 in the past 24 hours, According to CoinDesk data.
What is aave and why it is important
Ghost is a decentralized financial protocol that allows users to lend and borrow cryptocurrencies without intermediaries. The loans are governed by smart contracts, with borrowings needed to post a collateral that is appreciated above their loans.
The Aave token is undergoing this system. It can be staked to support security and earn rewards, used as collateral for borrowing and granting management rights. In return, tokenholders get voting and fee benefits, making protocol operations center.
Expanding aptos
On August 21, Aave Labs announced That AAVE V3 has lived live in APTOS, its first deployment to a non-EVM blockchain. The developers re -wrote the Codebase in the Movement language, rebuilt the user interface and adapted the protocol for the APTOS virtual machine.
The launch was supported by audits, a Mainnet capture-the-flag competition, and a $ 500,000 bug. The first market supports properties including the APT, Susde, USDT and USDC, with supplies and borrowed caps that are gradually raised. Chaos labs and llama risks have taken assessments at risk, and the chainlink has provided price feeds.
Aave Labs Founder and CEO Stani Kulechov Called Launching “an incredible -believed milestone,” which features a move beyond the EVM chains after five years of exclusivity.
Jerome Powell’s Jackson Hole Speech
Fed Chair Jerome Powell’s Speaking Friday morning at the Jackson Hole Economic Policy Symposium added momentum. Powell said the balance of risks between inflation and work has moved, signaling that interest rate cuts may begin in September.
The markets viewed his comments as Dovish, along with CME Fedwatch data showing expectations for a quarter-point cut in September rising to 83% from 75% earlier on the week. US Eequities and Crypto have been widespread since Powell’s speech, with AAVE in the biggest movers.
Wlfi exposure resurfaces
Another factor of analysts may not be fully price is the AAVE stake in World Liberty Financial (Wlfi). In October 2024, WLFI suggested Launching its own AAVE V3 for example at Ethereum Mainnet. As part of the organization, Aavedao provides 20% of WLFI protocol fees and 7% of its management tokens.
Simon, an analyst at Delphi Digital, mentioned On Saturday with the WLFI token to start trading in Sept. He argued that this exposure could contribute to the AAVE rally, even though investors are now re -evaluated its importance.
Technical assessments
- According to CoinDesk Research’s review data data, AAVE posted significantly obtained during the 24-hour trade from August 22 at 12:00 UTC to August 23 at 11:00 UTC, climbing from $ 297.75 to $ 353.22-a 18.65% increase that reflects the growing confidence in the expansion of the platform.
- Digital assets exchanged within a $ 62.11 range, changing between $ 294.50 and $ 356.60, with the most pronounced price movement occurring at 14:00 UTC on August 22 when trade volume reaches 340,907 units, which significantly exceeds the day -to -day average 102,554 units.
- The sustainable purchase pressure was observed at the final time of the review period from 10:49 UTC to 11:48 UTC on August 23, with an advance from $ 349.61 to $ 353.79.
- Trade volumes continue to exceed 3,000 units during major price levels at $ 352.55, $ 353.98, and $ 355.52, compared to the average session of 1,647 units, indicating what market participants describe as institutional positioning methods.
Denial: Parts of this article were formed with assistance from AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
