
Dogetti: Creating the Biggest Family in Crypto, Can It Match Aave and Apecoin’s Success?
Cryptocurrencies with Decentralised Autonomous Organization (DAO) structures give token holders the unique opportunity to shape the future of the projects.
Cryptocurrencies with Decentralised Autonomous Organization (DAO) structures give token holders the unique opportunity to shape the future of the projects.
Ethereum-based lending protocol Aave is migrating from its LEND tokens to AAVE tokens as a part of the Aavenomics proposal, allowing AAVE holders to control the Protocol.
The new funds raised by Aave will be used for attracting more institutions towards the decentralized finance (DeFi) market as well as further expanding its presence in the Asian market.
DeFi markets are seeing a sharp correction amid heavy profit-booking in the market. Over the last week, top DeFi tokens registered double-digit corrections. The positive indicator is DeFi users have multiplied by 3x over the last three months.
Within a single trading day, Uniswap token, UNI, has been listed in more than one dozen exchanges, hereby it is featured in almost 40 pairs.
The increasing popularity of the DeFi sector is causing its tokens to outperform the entire Ethereum ecosystem.
Having rallied over 16% in the past 24 hours, Aave (LEND) is trading around $0.849. The rally is attributed to more than one fundamentals but notably, Aeve recently received an Electronic Money Institution license from the UK Financial Conduct Authority.