Aave (AAVE) Defies Market Headwinds, Outperforms Bitcoin (BTC) in 2024
Aave [AAVE] has been an outlier on the price charts, defying overall market headwinds that derailed most assets at the start of H2 2024.
DeFi token AAVE has outperformed most major crypto assets in 2024, with YTD returns of 46%, outpacing even BTC's 42%.
This performance is largely due to AAVE's strong growth and solid fundamentals, making it a key beneficiary of the DeFi yield demand.
AAVE protocol had the highest outstanding loans at $7.35 billion, almost double the amount borrowed in early 2024.
Despite being overbought, AAVE surged by 60% in Q3 while other lending sector tokens like MKR and UNI declined.
A recent protocol fee switch proposal and reduced supply overhang may have also contributed to AAVE's outperformance.
The above is the detailed content of Aave (AAVE) Defies Market Headwinds, Outperforms Bitcoin (BTC) in 2024. For more information, please follow other related articles on the PHP Chinese website!
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!
Hot Article
Hot Tools
Notepad++7.3.1
Easy-to-use and free code editor
SublimeText3 Chinese version
Chinese version, very easy to use
Zend Studio 13.0.1
Powerful PHP integrated development environment
Dreamweaver CS6
Visual web development tools
SublimeText3 Mac version
God-level code editing software (SublimeText3)
Hot Topics
1673
14
1428
52
1333
25
1278
29
1257
24
Rollblock (RBLK) vs Solana (SOL): Which Will Dominate the Future of Crypto Gambling?
Nov 09, 2024 pm 09:18 PM
Rollblock is presenting a strong argument to surpass even Solana in terms of ROI in 2025. With unprecedented levels of openness and reliability, this newcomer to the crypto gambling scene is shaking things up.
A Crypto Investor Lost $222,000 by Panic Selling Aave (AAVE) Tokens Amid Market Fluctuations
Nov 03, 2024 am 12:32 AM
This incident emphasizes the need for a well-thought-out exit strategy in the volatile crypto market. Making impulsive decisions during market downturns often leads to significant crypto loss.
Grass Token (GRASS) Surges to $1.14 Amid Tier-1 Exchange Listing Expectations
Nov 01, 2024 am 12:46 AM
Grass token continued its strong rally, reaching its highest level since its airdrop on Monday, Oct. 28.
Binance Co-Founder CZ Advises Against Getting Greedy as Bitcoin (BTC) Price Continues Its Rally
Nov 09, 2024 am 09:30 AM
His statement comes amidst a broad crypto market rebound that has seen BTC hit an All-time-high (ATH) of almost $78,000.
Analyst Says DOGE Could Explode To New ATH
Nov 20, 2024 am 12:48 AM
The Pseudonymous analyst Bluntz in his recent post has underscored that Dogecoin looks poised for a new wave of upside bursts after hitting a local bottom
Hex Trust Partners with Stacks Asia Foundation to Enhance the Financial Utility of Bitcoin for Institutional Investors
Nov 04, 2024 am 06:32 AM
Hex Trust, a leading fully-licensed provider of digital asset custody and markets services, has announced its partnership with the Stacks Asia Foundation
Coinbase Brings Bitcoin to Solana, Spurring High Hopes for DeFi Surge
Nov 08, 2024 am 10:20 AM
FTX's collapse blew a bitcoin-sized hole in Solana DeFi. Can Coinbase's cbBTC finally fill it?
Top Altcoins to Watch When the Bitcoin Price Forms a New ATH at $80,000
Oct 30, 2024 am 03:32 AM
Bitcoin displays massive strength and barges above the local highs, displaying a huge possibility of forming a new ATH anytime from now