As the crypto market showed a bullish trend, the price of Aave tokens (AAVE) unexpectedly soared sharply, recording the latest all-time high record in a row.
Undoubtedly 2020 saw the success of Aave as a DeFi token with the AAVE price jump from $ 2 in January 2020 to all-time high last night, $ 123.92.
The growth of this centralized lending platform is seen to be strengthening with fundamental improvements, a steady increase in total value locked (TVL) on the platform and the creation of crypto-collectibles and DeFi-based community, Aavegotchi.
The latest surge proves that the price of AAVE has increased by 52.6% in the last 3 days.
Analysts attribute these profits to the announcement of AAVE's listing on the cryptocurrency exchange platform, Coinbase on December 15.
Based on DeFi Pulse records, the total value metric locked on the platform reached over $ 2.6, making Aave the second highest DeFi platform after Maker.
The platform is also seen interacting with TVL on the platform and Bitcoin (BTC) price movements.
As the BTC price soared, the value of TVL on the Aave platform also increased.
At the time of writing, AAVE recorded a price of $ 113.34 jumping 8% from its 24-hour low.
