The price of Aave (AAVE) has jumped 98% since Aave V3 aired on March 16 and at the time of writing, the asset is trading at $ 237.76 with a price increase of over 31% in 24 hours.
Even so, AAVE still needs a 65% price increase to redeem the all -time record high (ATH), $ 666.86 recorded on May 18, 2021.
What was introduced in the V3 launch?
Improvements to decentralization, securities, and risk management features
Reduction of transaction costs
Control over blockchain interoperability
At the same time, open interest in Aave - referring to outstanding derivatives contracts - has risen to $ 163.7 million in 24 hours, higher than the record $ 66.14 million before the V3 update.
The total value -locked (TVL) on this network has also grown rapidly by over 20% since V3 aired.
