AAVE has rise over $200 for the first time in history, strengthening its position as the fourth strongest DeFi token just behind Uniswap (UNI).
Earlier this week, billionaire Mark Cuban caught the attention of investors for AAVE with a tweet that has surprised many people.
The reaction didn’t take long. The price rose dramatically.
In recent months, the DeFi space has seen a net increase in demand and general interest. The total value locked in DeFi has gone over the $23 billion, reaching a new record high.
To use DeFi protocols, such as Aave, users have to process their transactions through the Ethereum blockchain network.