Ah, dear reader, gather ’round and heed my words, for I shall regale thee with tales of AAVE‘s wondrous ascent! 🚀
- AAVE, that most esteemed of cryptocurrencies, hath gained a whopping 14% in a mere seven days, its cumulative borrows hurtling towards the trillion-dollar mark with all due haste! 🤑
- Aave, the venerable DeFi platform, hath claimed dominion over its peers, boasting a 22% share of total TVL, leaving Lido to ponder its declining fortunes in the staking category. 🤔
- The price, a tantalizing $300, doth dance above the Bollinger midline, as technical indicators whisper sweet nothings of strength and rising volatility in the ears of eager traders. 📊
- An astute analyst, one Jip Molenaar, hath espied a most intriguing pattern, whereby AAVE’s monthly pivot doth align with the celestial rhythms of the market, keeping bulls on high alert, their eyes fixed upon the prize! 📈
Aave, that great bastion of DeFi, hath seen its price increase by 6.41% in the past 24 hours, its market capitalization swelling to a most impressive $4.54 billion, based on a circulating supply of 15 million tokens. 📊
Trading volume, a mighty $494.6 million, hath been recorded in the last 24 hours, as traders and investors alike do flock to AAVE, their interest and upward momentum showing no signs of abating. 🚀
And thus, Aave’s total cumulative borrow volume hath reached a staggering $775 billion, prompting the Aave account to proclaim, with great fanfare, “Trillions next!” 🤑
Hit $775B cumulative borrows.
Trillions next.
— Aave (@aave) July 8, 2025
DefiLlama, that trusty DeFi analytics platform, doth report that Aave now represents 22% of total DeFi TVL and 46% of TVL within the lending sector, its dominance over Lido a testament to its unyielding prowess. 💪
And now, dear reader, let us gaze upon the daily chart, whereupon we shall behold AAVE trading near the upper Bollinger Band, its bands expanding in a most auspicious manner, indicating increased volatility and the possibility of a continued trend. 📊
The Chaikin Money Flow (CMF), a most reliable indicator, doth stand at +0.10, pointing to mild positive inflows, a reading above zero that doth reflect buying activity, though current strength remains moderate. 📈
And thus, as we await the next great move, traders do watch with bated breath, their eyes fixed upon the $300–$310 zone, a key resistance that doth hold the key to AAVE’s future fortunes. 🔓
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2025-07-09 14:16