Aave -Price fell more than 15% in four days, but buyers quickly put on the dip, making a potentially 20% forward, while Pendle’s flowering tokenized return markets increased renewed interest in the Aave protocol.
A price (aave) fell more than 15%in just four days, from $ 283 peak at 27 to $ 240 Intraday Low today. Buyers, however, hurried to create the dip, in which they had a price of a $ 254 intraday peak, although it has since been withdrawn to $ 251.
The rebound comes in the midst of a period of increased activity on the Aave protocol, in particular related to the growth of Tokenized interest markets in collaboration with Pendle (Pendl) and Ethena (ENA).
On 27 May, support for three new colland types, July-adult PT-usde and PT-SEUDE of August-maturity added to Aave, which resulted in a total initial market size of approximately $ 700 million. The next day, on May 28, Pendle launched Two of these markets with delivery caps of $ 100 million for PT-SEUDE and $ 40 million for PT-OUTDE. Both caps were completely filled within a few hours, so that Pendle was asked salary The limits of 29 to $ 200 million and $ 80 million respectively. These higher caps were filled again quickly, which reflects a strong demand for tokenized yield instruments on Aave.
https://twitter.com/pendle_fi/status/19279241144418991165
PT-OUTDE and PT-SEUDE are most important tokens that represent a claim with fixed yield on underlying assets that are locked in the Pendle protocol. These tokens enable users to trade and earn the future yield by separating the principal sum and delivering components from their assets. To be clear, the PTs of Ethena were added A month ago a month ago, but the support for new colland types Eusde, July PT-usde and Aug PT-Seusde were added to Aave on 27 May.
Although these PT -Tokens do not directly influence Aave’s price, they show a growing use and the demand for Aave’s Defi platform, which could help the Token’s value in the long term. As more users deliver assets to trade these most important tokens, the TVL from Aave increases. From 20 May Aave accounted for 20% of all TVL in the Defi sector, according to data shared by the protocol. The growth in TVL can ultimately benefit Aave holders for his role in governance and in general because greater acceptance increases the network value and trust of investors.
In the meantime, a price of 12%looks at a movement of 12%of the current level of $ 251 because it is aimed at $ 283 resistance, with the recent dip probably serving as a healthy bull racement and a higher layer within the wider upward trend.
Once an immediate resistance of $ 283 has been erased, the next important level to look into is the psychological $ 300 marking, which also acted as strong support during December rallies, which would be an increase of almost 20% compared to the current price.
