AAVE Profit Calculator: Declining Interest and Whale Activity

This decision was necessary due to the protocol’s exposure to Curve’s hack. As contained in the proposal,

An assessment of trading activity in the past 24 hours revealed that sentiment remained negative amid declining accumulation pressure. In fact, the decline in interest in governance tokens preceded Curve’s hack., AAVE’s network activity has dwindled since the end of June. The count of daily active addresses trading the altcoin has since dropped by 94%. For context, as of 11 August, only 514 addresses completed AAVE transactions. On 23 June, this was 11,280 addresses.

With a persistent drop in value and token accumulation, many AAVE holders have remained “out of money,” according to IntoTheBlock’s In/Out of the Money metric.This metric calculates the average price at which investors purchase tokens. It then contrasts it with the asset’s current market value. If this value is higher than the average cost for an address, the address is said to be “in the money,” that is, the account holds at a profit.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Aave's TVL Drops, Volume Decreases, and Development RisesAave, the decentralized finance (DeFi) platform, has experienced a decline in its Total Value Locked (TVL), causing a decrease in smart contract deposits. However, the TVL has seen a small increase of 1.28% in the last 24 hours. Despite this, Aave's token volume has dropped, indicating a decrease in actual transactions on the platform. Aave has also announced an approved proposal for a CRV token contract transfer to the Aave collector protocol.
Source: CryptoAmb - 🏆 22. / 68 Read more »

TVL of Curve Finance Platform Decreases SignificantlyThe total value locked (TVL) for a specific pool on the Curve Finance platform has dropped from $1.6 billion to $398 million, impacting the overall TVL of the platform. The TVL of the platform also experienced a significant decrease after a hack incident, but has since recovered to around $2.4 billion.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Curve Finance Collaborates with BNB Chain, CRV Price Drops After Recent HackCurve Finance, a decentralized exchange, announces collaboration with BNB Chain. Despite a recent hack that resulted in a significant drop in CRV price, there are signs of potential recovery.
Source: CryptoAmb - 🏆 22. / 68 Read more »