Aave Address Count On Optimism Rapidly Growing, Will Price Rise To New 13-Month High?

Quick Summary:

The number of Aave addresses on Optimism grew by 675%, roughly twice that of KuCoin tokens (KCS).  At this pace, Aave outperformed Maker–another lending and borrowing protocol on Ethereum, Chainlink on Optimism, and Raydium–a top decentralized exchange (DEX) on Solana.

Here’s What Needs To Happen First According to Santiment, Aave on Optimism is the fastest-growing protocol on their watch among platforms, commanding at least $500 million in TVL.

Aave User Address Grew By 675% In One Week Since the beginning of the year, Aave has dominated headlines, mostly around its price performance and rising TVL.

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets: United KingdomKenya

Topics: Raydium Coinbase Maker Ethereum DeFi CbBTC Aave Aave Chainlink Aaveusdt Optimism AAVE Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 22:00:37 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 403 words

Reading Time: 3 minutes read

Sentences: 79 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23122828

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About NewsBTC

Main Topics: Crypto

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