Aave protocol TVL has reached a new high, but the currency price is still far behind ATH
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2024-12-12 17:32 6,046
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Golden Finance reported that DeFiance Capital founder and CIO @Arthur_0x posted on social media that many indicators of the Aave protocol have reached new highs, but the currency price is currently only 50% of the price during the ATH period. The total supply of stablecoins is also significantly higher compared to 2021, which is also providing motivation for DeFi, and the price of AAVE is expected to be pushed higher. According to DeFiLlama data, Aave’s TVL is now higher than during the last bull market in October 2021, hitting a record high, tentatively reported at US$38.6 billion. The agreement has estimated annual revenue of $117 million.