Aave rose almost 19% to $ 355 in the last 24 hours, according to Coindesk data, which led the Top 40 cryptocurrencies through percentage of daily profit when investors responded to his recent APTOS extension and the chairman of the Federal Reserve chairman Jerome’s heavy comments from Jerome Powella.
What an aave is and why it matters
Aave is a decentralized financial protocol with which users can borrow and borrow cryptocurrencies without intermediaries. Loans are managed by smart contracts, where borrowers are needed to place collateral above their loans.
The Aave -token supports this system. It can be used to support security and earn rewards, used as collateral for borrowing and providing holders of holders. In exchange, token holders obtain voting and reimbursement benefits, which means Aave is central to protocol activities.
APTOS -Expansion
On August 21, Aave Labs announced that Aave V3 had gone live on APTOS, the first implementation on a non-EVM blockchain. Developers have rewritten the codebase in the move, rebuilt the user interface and adjusted the protocol for the virtual APTOS machine.
The launch was supported by Audits, a Maving Capture-the-Flag competition and a Bugbounty of $ 500,000. The first market supports assets, including APT, SUSDE, USDT and USDC, with delivery and loan caps that are gradually increased. Chaos Labs and Lama Risk have carried out risk assessments and Chainlink offered price feeds.
Aave Labs founder and CEO Stani Kulechov called the launch ‘An Incredible Milestone’, in which the shift outside EVM chains emphasized exclusivity after five years.
Jerome Powell’s Jackson Hole speech
Fed Chairman Jerome Powell’s speech on Friday morning in the Jackson Hole Economic Policy Symposium added Momentum. Powell said that the risk balance between inflation and employment had shifted, indicating that interest rate letings could start in September.
Markets considered his comments such as Dovish, with CME Fedwatch data that showed expectations for a quarter-point reduction in September rose to 83% of 75% earlier in the week. American equity and crypto have gathered broadly since Powell’s speech, with one of the greatest movers.
WLFI exposure will pop up again
Another factor analysts say that may not be fully priced in the interest of Aave in World Liberty Financial (WLFI). In October 2024, WLFI proposed to launch his own Aave V3 copy on Ethereum Mainstet. As part of the scheme, Aavedao was allocated 20% of WLFI protocol costs and 7% of its boardstocks.
Simon, an analyst at Delphi Digital, noted on Saturday that WLFI’s token started on 1 September with an implicit appreciation of $ 27.3 billion, the allocation of Aave could be around $ 1.9 billion – more than a third of the current $ 5 billion completely diluted appreciation. He argued that this exposure could contribute to the Aave meeting, even if investors are only now revised its meaning.
Technical analysis highlights
- According to the technical analysis model of Coindesk Research, Aave achieved considerable profit during the 24-hour trading term from August 22 at 12:00 UTC to 11:00 AM UTC, climb from $ 297.75 to $ 353.22-a increase of 18.65% that reflects the growing trust in the expansion strategy of the platform.
- The digital asset was traded within a range of $ 62.11, fluctuated between $ 294.50 and $ 356.60, with the most pronounced price movement that took place on August 22 at 22:00 UTC, when the trade volume reached 340,907 units that reached the daily average of 102,554 units.
- Persistent purchasing pressure was observed during the last hour of the analysis period from 10:49 AM UTC to 11:48 UTC on August 23, with Aave from $ 349.61 to $ 353.79.
- Commercial volumes consistently exceeded 3,000 units during key price levels at $ 352.55, $ 353.98 and $ 355.52, compared to the session average of 1,647 units, indicating what market participants describe as methodical institutional positioning.
Safeguard: Parts of this article have been generated with the help of AI tools and assessed by our editorial team to guarantee the accuracy and compliance with Our standards. For more information, see The full AI policy of Coindesk.
