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Aave sets a record, but only on Coinbase Pro


en.cryptonomist.ch 26 January 2021 08:20, UTC
Reading time: ~2 m

In the last few hours, the price of Aave has marked record prices, reaching $350, although only on the Coinbase Pro exchange, the American platform dedicated to experienced traders.

On other platforms, the price stopped at $288.

The price difference may have been due to a bug on the platform, but there is no further information on this, as pointed out by a French magazine.

At the same time, the Total Value Locked (TVL), which is the value of tokens locked in Aave’s smart contract, also set a record, as can be seen on this chart.

Aave is currently in second place – only behind Maker, which it had actually surpassed for a while – in terms of dollars locked up, which are currently close to $4 billion.

Aave retracing after record high

After this record set a few hours ago, however, Aave is currently down -7.65% in terms of TVL, and by roughly the same percentage in terms of the individual price of the crypto (down 7% in the last 24 hours as of writing this article).

Staking also seems to be going very well for Aave: the total staked is 21% of the circulating supply, or over 3 million tokens and a reward of about 5% over a one-year period.

The latest news regarding Aave

With regard to the project, in a recent interview with the project’s CEO, Stani Kulechov explained:

“DeFi’s growth in 2021 will dwarf 2020. We just launched Aave V2, which introduces some cool upgrades to make the DeFi experience more seamless. Aave Limited, the branch of the company responsible for integrations, received an Electronic Money Authorization from the UK Financial Conduct Authority, meaning that Aave Limited can issue payment accounts and facilitate currency conversions. In 2021 we plan to keep innovating, and also to bridge the gap between the DeFi and FinTech spaces by making it easier than ever for new users to purchase crypto and onboard to DeFi”.

As such, big things are expected for Aave in 2021.

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