The crypto roller coaster sees no end as the overall market bounced back into the green zone on Thursday morning, with decentralized finance (DeFi) blue-chip tokens such as Aave, Uniswap, and Curve significantly outperforming the rest of the pack.
AAVE, the native token of the cryptocurrency lending platform Aave, hit a daily high of $81.31 in the early hours today. Although the price of the token slid to $78.87 by press time, it is still up a hefty 9.7% over the past 24 hours, according to data from CoinMarketCap.
Aave made headlines last week after coming forward with a governance proposal for the launch of GHO, the platform’s own stablecoin.
Aave, which runs on the Ethereum blockchain, is used to lend or borrow digital assets without a centralized intermediary. The platform’s token, AAVE, is currently the 44th largest cryptocurrency with a market cap of over $1.09 billion.
UNI, the token behind the popular decentralized exchange Uniswap, has also gained 11.4% over the day and is...
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