Aave
$AAVE
5 Results
Risk assets are starting the week on a strong note after a week marked by dovish data and the US Treasury's accommodating refunding schedule. Despite today's bounce in interest rates, the DXY remains relatively flat. Major equity indexes are showing slight gains, with healthcare and technology stocks leading the way. In the crypto market, assets are generally on the rise, with the recent rally broadening to other areas of the...
BTC -1.63% is once again testing the $31k mark, while ETH -0.18% inches towards $1.9k, reflecting a general rise in most large cap assets today. SOL -5.71% continues to show relative strength, moving above $22 on the day, a rise potentially attributable to improving DeFi user data. DeFi 1.0 coins, such as COMP -6.52% and AAVE -5.97% , are outperforming the majors, suggesting continued momentum within the DeFi sector. Today's standout performer in the broader crypto...
Japan Implements Crypto Friendly Tax Policy and HSBC Hong Kong Lets Customers Trade Crypto ETFs
Crypto markets pulled back today, BTC -1.63% is down 1.44% and ETH -0.18% is down 2.81%. Altcoins took a bigger hit, especially those that Robinhood is delisting and expected to sell later this week amid the SEC's crackdown (Cardano, Solana, and Matic). ADA -7.12% , SOL -5.71% , and MATIC -3.58% are down 4.01%, 4,13%, and 3.62%, respectively. Interestingly, many of the "DeFi 1.0" tokens (DeFi protocols launched in 2019 and 2020) saw large gains over the weekend. AAVE -5.97% ,...
FIGURE: PEPE LEARNING ABOUT GHO AFTER BEING RUGGED BY UST Source: Fundstrat INTRODUCTION Founded by Stani Kuchelov, Aave (formerly LEND) is the largest DeFi lending market by TVL (~$8b across v2 and v3) and the fifth largest dApp overall. The protocol is currently live across five networks and 11 markets, hosting more than 30 assets across its platform. In July ‘22, Aave announced that they are launching their native stablecoin,...
Equity markets are rising today ahead of the latest CPI reading due at 8:30 AM tomorrow. The S&P 500 and Nasdaq 100 are up 0.85% and 1.22%, respectively, while the US Dollar and US Treasury yields are showing slight declines. Crypto markets were rallying this weekend but were stopped short after Paxos announced the termination of their relationship with Binance surrounding BUSD (more below). BTC -1.63% (-0.96%) is holding around $21.6k...
