Aave’s V3 deployment on Ethereum shows strong growth, thanks to…

Aave's V3 deployment on Ethereum shows strong growth, thanks to...

The Ethereum version of AAVE V3 has something to offer

38 days later, the assets count has risen to 11 due to the addition of more assets, such as LUSD, cbETH, and rETH.Of these assets, ETH’s supply remains the highest on Aave V3. As of this writing, 94,280 ETH coins worth over $147 million have been supplied to the protocol. Despite Ethereum being the latest chain with the AAVE V3 iteration, its TVL has exceeded that of Polygon, Optimism, Arbitrum, Fantom, and Harmony, data fromThe V3 deployment on Ethereum has helped Aave grow its protocol TVL in the last month, further data from DefiLlama revealed. At $4.76 billion at press time, Aave’s TVL has risen by 3% since 27 January.Impacted by the sideways movement of the general market in the last month, AAVE’s price has fallen by 15% in the last 30 days.

, the count of daily active and new addresses engaged in AAVE transactions has been on a downtrend in the last month.As the alt’s price fell, investors’ confidence quickly turned negative. At press time, AAVE’s weighted sentiment was -0.237.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lido’s wstETH sees interest on Aave, but other challenges lie aheadLido’s wstETH witnesses massive interest. However, the number of unique users on the protocol declined. The Lido protocol was on an impressive run over the past few months. However, due to the FUD caused by the recent SEC speculation, the Lido protocol was impacted negatively. Despite all the FUD, Lido’s wstETH was able to generate […]
Read more »

Large USDT transfer between Tron and Ethereum results in…Tether’s USDT swap from Tron to Ethereum may be part of a collaboration to boost liquidity. Tether noted that the large transfer will not lead to an increase in the supply of USDT in circulation. Tether recently announced plans for a major cross-chain swap that would transfer 1.6 billion USDT from the Tron network to […]
Read more »

Ethereum’s bounce from $1550 encourages buyers, but is it a trap?Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The market structure was bearish on the 4-hour chart and strongly hinted at further losses. An imbalance above Ethereum prices meant a small bounce could arrive soon. Ethereum prices saw a rejection at the […]
Read more »

Ethereum [ETH] traders embrace higher leverage to boost earningsETH’s latest liquidations indicate a bullish bias among investors. The king alt is back to uncertainty amid a fall in demand and sell press pressure. ETH is experiencing a surge in leverage trades following the volatility and demand slowdown since early February. A contrast to its performance in January, but recent observations suggest an increased […]
Read more »

Voyager sells ETH; should short-term Ethereum holders be worried?Voyager currently holds nearly 148,774 ETH, over $57 million worth of SHIB, and 1.44 million LINK. ETH accumulation increased and metrics remained bullish. Twitter account Lookonchain revealed an interesting transaction that happened on 5 March 2023. As per the tweet, Voyager continued to dump its holdings as it sold 1,449 Ethereum [ETH], worth over $2 […]
Read more »

Ethereum [ETH] could be set for another round of explosion, only if…ETH’s short-term recovery could depend on the USD and interest rates trend. Technical indicators suggest short-term consolidation. The first few days of March have failed to give Ethereum [ETH] holders a much-desired breather. Despite the reality of despair, any hope for respite could depend on one condition, according to Chris Burniske. The ex-crypto investment head […]
Read more »