A $292 million hack tied to restaking protocol Kelp DAO has rippled through decentralized finance (DeFi) lending and market confidence far beyond the original incident, with Aave emerging as one of the hardest-hit examples. Over the weekend, Aave’s native token (AAVE) fell by about 26%, while the protocol also saw a sharp decline in total…
Tag: Aave (AAVE)
Aave Is Trading Like 2022 Again: Danger Zone Or Entry Point?
Aave has surged more than 30% since Monday, making it one of the standout performers in a market that has been searching for momentum. The move is drawing attention — and raising a question that is worth examining carefully: is this a genuine recovery, or a relief bounce after one of the most turbulent stretches…
SEC Wraps Up Investigation Into Aave Protocol, Confirms CEO Stani Kulechov
The US Securities and Exchange Commission (SEC) has officially concluded its investigation into the decentralized finance (DeFi) protocol Aave (AAVE), marking a significant development in the ongoing evolution of regulatory approaches within the cryptocurrency industry. Stani Kulechov, the founder and CEO of the Aave protocol, confirmed the end of the four-year investigation in a post…
AAVE Dominates DeFi Lending – Metrics Reveal 45% Market Share
Aave (AAVE), the leading decentralized finance (DeFi) lending protocol, has captured the spotlight with an extraordinary surge of over 200% since November 5. Outperforming the broader market, AAVE has reached its highest levels since 2021, marking a remarkable recovery and reaffirming its dominance in the DeFi ecosystem. Key metrics from IntoTheBlock underscore AAVE’s unmatched position…