Aave gets access to new users through this upgrade, but is it enough

📆 1/25/2023 10:35 AM
📰 CryptoAmb

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Aave’s partnership with Lemon App could help expand its user base. V3 launch generated interest, but the token’s velocity and network growth declined. With a new collaboration, over 1.7 million users from Argentina and Brazil could get access to Aave [AAVE] and supply liquidity to the platform. This could help in increasing the declining number […]

Whales seek AAVE. According to Santiment, the percentage of large addresses holding AAVE grew immensely over the last week. This could imply a renewed interest in the protocol, but it’s important to note that this alone may not be enough to drive sustainable growth.Moreover, the velocity of the token declined, suggesting that AAVE was not being transferred and was instead being held by addresses. However, the token’s network growth decreased, implying a lack of interest from new addresses.

The price of AAVE at the time of writing was $85.94, and it increased by 1.60% in the last 24 hours, according to

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Aave V3 set to launch on Ethereum amid a steady decline in daily revenueA new proposal to launch Aave V3 on Ethereum has been published. The decline in new users on Aave has caused its daily revenue to decline by over 70% in the last year. Aave, the decentralized lending protocol, recently put forward a proposal titled “Aave Ethereum V3,” in which it requested votes from its community […]
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