As of 31 October, Aave had been experiencing a surge in its Total Value Locked (TVL), according to statistics from דעפילאַמאַ. Following the initial release of the protocol, the team went on to develop ווערסיעס 2 און 3. And each version was tailored to a particular lending business. The TVL observed was the combination of all of Aave’s iterations.
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דאָ ס AMBCrypto ס פּרייז פאָרויסזאָגן פֿאַר Aave [AAVE] פֿאַר 2022-2023
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TVL shows signs of upward move
Aave’s TVL that was visible, according to DefiLLama, was $5.54 billion at the time of this writing. On the graph, an upward inflection that pointed to an uptrend in the TVL could be seen. A closer examination revealed that the TVL was approximately $5.04 billion as of 24 October.
This indicated an increase of approximately $50 million. It was a long way from what could be seen in September. However, it seemed to be moving toward regaining its value.
מקור: דעפיללאַמאַ
The deployment of Aave on numerous chains could have further boosted its growth. On the basis of the DefiLlama charts, it was seen that Aave initially focused primarily on the עטהערעום chain. The protocol, nevertheless, had already been deployed on a number of chains, including פילעק, אַרביטרום, און לאַווינע.
These chains were all Ethereum Virtual Machine (EVM) compatible, which was something that could be observed. However, a team member of Aave, Marc Zeller, recently דיסקלאָוזד that efforts were afoot to further deploy Aave on chains that were not EVM compatible.
מקור: דעפיללאַמאַ
AAVE seeing a bullish price trend
Looking at the price movement of AAVE revealed that the token had just seen an uptrend. Furthermore, the token was also seeking to establish a new support level. The short Moving Average (MA), shown by the yellow line, could also be seen acting as support for the token. The support level was seen between $79.9 and $72.1.
In the same time frame, it was also possible to see that the long MA. This was depicted by the blue line and was acting as resistance. The resistance zone was visible between $91.3 and $102. The Relative Strength Index (RSI) revealed a bullish trend at the time of observation. The RSI line was seen above the neutral line, and an upward inflection indicated that the asset may be headed for a stronger bull run.
מקור: טראַדינגוויעוו
A future full of updates
Aave’s Marc Zeller recently made a ויסזאָגונג wherein he referred to Stani Kulechov, the protocol’s creator, and his טוויט. The tweet surrounded the creation of an Aave debit card.
He said it was still being worked on and would be available soon. In addition to discussing finance services, he also discussed the creation of the Aave app and wallet. This would serve as a one-stop shop for social media and DeFi services. This action might have a good effect on the Aave ecosystem.
It would also raise the token’s value, and add new opportunities for borrowing and lending in the cryptocurrency world.
Source: https://ambcrypto.com/aaves-tvl-witnesses-a-rise-but-can-aave-benefit-from-these-recent-updates/