AAVE has shown extraordinary growth in 2024, tripling its loan volume to $10B and boosting its TVL by 26.7%, now at $15.96B.
Aave broke out above the $161.21 level, and a successful retest of support positioned it for further upward momentum.
has shown extraordinary growth in 2024, tripling its loan volume to $10B and increasing its Total Value Locked by 26.7% to $15.96B.Despite these impressive numbers, Aave now faces critical market challenges. The question remains: can it maintain this momentum, or will external factors slow its rise?At press time, Aave was trading at $176.27, reflecting a modest 0.56% increase in the last 24 hours.
The exchange reserve has increased by 0.91%, bringing the total to 2.629M. This uptick pointed to a slight increase in selling pressure, as more tokens are being held on exchanges.
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