Techub, citing BeInCrypto, reported that Aave’s AAVE token rose 20% over the past week even as the total crypto market capitalization slipped 0.30%. The report said the move was mainly driven by Aave protocol user deposits reaching the $1 billion mark. It also noted that Aave V4 went live in September on Arc and Base. On Base, its Stock Center allows eligible non-U.S. users to borrow USDC against seven tokenized Coinbase equities used as collateral. The update links Aave’s token performance to protocol growth and adds detail on the product rollout across the two networks.
Techub News, citing BeInCrypto, said Aave’s token AAVE rose 20% over the past week even as total crypto market capitalization edged down 0.30%.
The report said the gain was mainly tied to Aave protocol user deposits reaching the $1 billion milestone.
Aave V4 launched on Arc and Base in September
Techub also said Aave V4 went live in September on Arc and Base.
On Base, its Stock Center allows eligible non-U.S. users to borrow USDC using seven tokenized Coinbase stocks as collateral.
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