Aave just had its best day in almost five years
The lending protocol added 1,806 new wallets on Ethereum in 24 hours on June 30, its strongest growth day since October 2021, per
@SantimentData.
The token's outperforming a weak market too. $AAVE is up roughly 19% over the past week even as Bitcoin sits around $60,000.
A few things are converging: the Ethereum rollout of Aave V4, governance debate over borrowing limits, a new revenue mechanism called Smart Value Recapture, and a Standard Chartered call for $3,500 by 2030.
@aave holds about $12.6B in total value locked.