AAVE's price sharply dropped to an intraday low of $83.92 on April 6, breaking below the key $100 support level which now acts as resistance. This decline was driven by selling pressure in the DeFi sector and broader market risk-off sentiment, compounded by the exit of BGD Labs, a key technical contributor to the Aave protocol. Technical indicators like the daily Supertrend at $107.82 and a negative MACD confirm a bearish trend, with $92.29 acting as near-term support. If $92.29 fails, the price could test $83.92 and possibly the $80 Fibonacci support zone. A recovery above $107.82 is needed to signal a shift to a neutral or bullish trend. Meanwhile, Grayscale's ETF filing for Aave could be a longer-term positive catalyst, but no immediate price support is expected.
Aave DAO has proposed an innovative mobile app that integrates fiat currency deposits, self-custody, and decentralized finance (DeFi) lending in one platform. This app allows users to convert fiat to stablecoins and earn yields without needing extern...
Monad has increased its weekly incentives to $75,000 to support liquidity for Agora's AUSD stablecoin on its blockchain. AUSD is a US dollar-backed stablecoin managed by VanEck, with reserves in cash and US Treasury bills. This move follows Monad's r...
Aave has deployed its V4 lending protocol on Avalanche, marking its first expansion outside Ethereum. This launch focuses on institutional lending backed by tokenized real-world assets, using a new Hub and Spoke architecture to enable specialized cre...
Aave V4 has launched on Avalanche, marking its first expansion beyond Ethereum and introducing specialized lending markets for tokenized real-world assets like US Treasuries and corporate bonds. This new Hub-and-Spoke architecture allows institutions...
Aave founder Stani Kulechov announced the deployment of Aave V4 on Avalanche, supported by a $15 million incentive package to boost tokenized real-world asset (RWA) growth. The new V4 architecture isolates risk across separate liquidity hubs, enablin...
