AAVE, a decentralized crypto lending platform, has noted a massive spike in the total value of assets locked (TVL). Rising TVL is considered indicative of higher relevance among market participants and trust in the platform.
Whales have scooped up AAVE in 2024 during the dip in the DeFi token’s price.
AAVE wiped out nearly 20% of its value year to date.
Ethereum’s (ETH) price was down nearly 5% on Thursday as Securities & Exchange Commission (SEC) Chair Gary Gensler suggested spot ETH ETFs will likely receive approval over the course of the summer. The update was accompanied by mixed sentiment from derivatives traders.
Dogecoin (DOGE) price could experience a 20% rally in the short to medium term, according to technical indicators and on-chain metrics, as the dog-based meme coin finds support on key levels amid a rise in development activity.
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