Pendle became the second-largest DeFi protocol on OKX's XLayer in less than 30 days, reaching $37.5 million in total value locked (TVL). This rapid growth was driven mainly by a single USDG stablecoin market and integration with Aave V3, which allowed Pendle's principal tokens to be used as collateral with a high loan-to-value ratio. The combination of liquidity incentives and cross-protocol composability attracted significant capital, capturing about a quarter of XLayer's total DeFi TVL. Pendle now operates on 14 blockchains with over $1.2 billion TVL, focusing on stablecoin and real-world asset yield markets.
Aave has introduced its first externally curated lending markets on its V4 platform through a partnership with Sentora, an institutional DeFi platform. These markets allow users to borrow stablecoins RLUSD, PYUSD, and OUSD against selected crypto ass...
Aave's DAO has a $50 million annual budget for buying back AAVE tokens, currently executing weekly purchases between $250,000 and $1.75 million. The upcoming Aavenomics 3.0 aims to enhance this by adding staking and token burns, which would permanent...
Aave's native token AAVE currently has a relative strength index (RSI) of 42.83, indicating neither strong buying nor selling pressure. Its seven-day simple moving average (SMA) is $152.26, the 20-day SMA is $163.37, and the 50-day SMA is $149.40, sh...
In the past 24 hours, several cryptocurrencies experienced varied price changes. IRYS led gains with a 33.27% increase to 0.01991 USDT, followed by LIT and VVV with rises of 7.04% and 5.11% respectively. On the downside, TIA fell sharply by 9.53%, wi...
Aave Labs has proposed the V3.8 upgrade to introduce a reentrancy guard in Pool accounting across 16 active Aave V3 networks, including Ethereum, Avalanche, BNB, and Polygon. This upgrade aims to prevent potential risks from reentrancy attacks by usi...
