Aave protocol TVL has hit a new high, but the price is still far from ATH
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Odaily reports that DeFiance Capital founder Arthur posted on X platform stating that several metrics of the Aave protocol have reached new highs, but the token price is currently only 50% of its ATH level. Compared to 2021, the total supply of stablecoins is also significantly higher, which provides momentum for DeFi. It is expected that the price of AAVE will be pushed higher. According to DeFiLlama data, the TVL of Aave has now exceeded the previous bull market peak in October 2021, reaching a new high of $38.6 billion. The estimated annual revenue of the protocol is $117 million.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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