![Aave price has gone up](https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2020/08/Screenshot-2020-08-26-at-12.44.42.png@webp)
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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$67,905.00
3.37%$3,282.75
3.55%$581.90
1.87%$183.18
6.72%$0.999892
0.02%$0.60308
0.81%$3,281.45
3.56%$0.134671
7.76%$6.73
1.82%$0.417923
6.30%$0.137392
1.53%$28.81
5.91%$67,929.00
3.44%$0.00001701
3.87%$13.56
5.04%$5.86
2.13%$377.18
4.22%$5.73
6.40%$7.70
5.84%$5.82
-0.66%$71.32
3.76%$0.00001209
6.09%$3,423.74
3.57%$0.514862
3.93%$9.81
-0.53%$0.181545
3.00%$22.96
4.23%$6.97
5.17%$0.998585
0.03%$1.29
7.31%$0.103214
1.20%$162.17
0.46%$0.854301
2.36%$1.85
2.69%$6.80
10.16%$4.64
10.58%$2.64
5.14%$25.90
8.90%$352.37
7.27%$2,664.58
0.69%$40.99
3.04%$0.091523
2.81%$0.068282
3.62%$0.72982
4.54%$6.16
4.37%$1.54
5.49%$0.02851703
4.35%$31.18
3.67%$1.001
0.16%$0.00002857
6.00%$0.788549
5.11%$1.74
2.58%$0.200441
6.01%$3,674.55
3.63%$0.00018113
3.89%$3,328.64
3.60%$3,413.93
3.38%$1.14
3.43%$4.69
4.68%$1.51
8.04%$0.01437499
5.90%$0.400864
8.68%$10.10
0.06%$97.82
5.55%$1.073
11.89%$1.003
5.41%$1.58
4.00%$0.02906032
5.20%$0.132794
10.07%$0.461698
6.20%$1.38
4.52%$6.01
5.83%$0.371924
4.39%$0.142954
4.55%$3,272.52
3.38%$73.03
1.26%$0.676463
7.20%$1.20
0.68%$7.61
1.73%$220.79
6.64%$9.70
2.75%$0.944369
15.51%$0.0183148
7.37%$33.61
3.17%$6.09
7.10%$27.10
2.78%$5.30
0.18%$44.82
5.93%$0.02377457
5.91%$0.578124
3.50%$0.01932353
2.93%$0.00000087
3.89%$10.44
3.29%$3,341.51
3.65%$11.63
4.68%$39.11
11.00%$0.466297
8.96%$1.31
6.44%$3.26
5.20%$0.778766
4.67%$0.32876
7.26%$0.176812
21.03%$2.33
-0.14%$1.00
0.01%$2.08
4.41%$0.539206
5.04%$2.36
11.57%$0.00003505
5.38%$0.00000033
7.16%$0.00768654
-0.48%$1.21
3.10%$3,536.16
3.50%$0.996419
0.03%$2.42
10.57%$0.00000176
3.40%$0.341651
6.63%$0.070339
5.20%$3,273.13
3.44%$3.93
6.32%$0.99986
0.04%$0.088795
4.80%$0.00864979
8.83%$0.523191
5.58%$0.161745
3.68%$2,386.89
0.95%$0.524772
9.70%$1.74
5.06%$215.69
-1.22%$0.165186
4.75%$0.01243529
3.87%$9.57
2.49%$3,483.74
3.41%$0.791445
6.10%$0.143974
3.89%$0.075162
4.46%$0.29136
4.51%$4.72
2.99%$0.938915
15.98%$15.14
6.29%$3,582.93
3.64%$0.680374
3.87%$1.00
0.07%$1.16
0.94%$32.61
9.28%$0.00008556
5.09%$0.03121798
0.79%$0.370563
2.90%$1.99
3.19%$0.068978
4.35%$67.99
-2.33%$0.418864
6.95%$0.52172
13.01%$25.58
2.89%$2,387.12
0.80%$1.024
3.32%$0.00000043
1.59%$0.0042658
8.21%$0.04491275
2.46%$1.027
0.83%$0.081783
7.14%$0.0059199
5.55%$0.999728
0.72%$3.22
24.59%$0.482134
3.38%$0.053942
2.13%$3.98
1.90%$3.25
-8.65%$0.198598
4.86%$3,396.92
3.65%$2.21
7.74%$0.972277
7.46%$0.780975
-1.54%$1.46
7.82%$51.39
3.62%$65.98
3.67%$0.777932
11.88%$0.01550806
5.06%$0.152163
6.86%$0.345942
6.22%$0.187052
18.07%$0.545886
4.34%$0.399087
13.52%$16.39
4.17%$0.18901
5.61%$1.71
7.17%$21.57
5.11%$0.486936
3.30%$0.603183
7.33%$8.18
0.79%$0.190843
-4.76%$0.01721198
5.52%$27.12
5.62%$0.04806821
-1.62%$0.138728
5.84%$7.44
3.30%$0.267401
5.94%$0.00092082
-2.13%$0.18982
5.38%$6.73
17.68%$0.03087404
5.69%$0.567836
5.75%$0.00531613
5.65%$0.00170874
3.73%$2.56
8.23%$0.02865606
5.80%$1,363.79
3.50%$0.741151
10.66%$1.31
6.70%$0.02954441
2.02%$3,446.73
3.50%$0.271084
6.31%$2.00
0.05%$68,225.00
4.22%$0.19288
5.10%$0.396436
3.01%$0.417122
6.33%$2.99
12.86%$29.64
3.19%$0.01554322
2.87%$0.074174
3.82%$49.31
9.63%$2.58
5.57%$2.60
5.91%$0.00527932
6.19%$0.01911523
3.35%$71.86
7.93%$0.02131833
3.57%$0.308828
8.16%$0.04865128
7.78%$3.80
4.21%$2.13
18.44%$0.699788
4.58%$1.001
0.07%$3,427.03
3.50%$0.00432172
3.89%$0.486079
2.72%$0.281586
0.62%$33.36
5.21%$2.37
4.14%$2.82
-1.13%$2.77
9.78%$0.02866098
2.43%$0.557349
6.09%$0.02327929
5.90%$0.00070606
2.08%$1.56
19.30%$1.05
0.44%$20.30
4.22%Popular DeFi lending Aave (LEND) is booming once again today, after racking up a further 16.2% growth in the last 24 hours to reach its current value of $0.841.
Aave has been on an almost unrelenting uptrend for almost a year now, and has seen its price climb from $0.0043 a year ago, up to its all-time highest value of $0.862 earlier today. In total, this represents a gain of almost 20,000% in the last year—making LEND one of the best performing cryptocurrencies of all time.
LEND has also put on a strong performance in the short term, having gained 44.6% in the last week, 109.8% in the last fortnight, and 211.3% in the last 30 days. This growth positions Aave as the 21st largest cryptocurrency by market capitalization, with a market cap just north of $1.06 billion.
This growth appears to be a direct consequence of Aave's rapidly growing popularity as a DeFi lending platform—since the total value of cryptocurrencies locked up in the platform has multiplied more than ten-fold in the last two months. As per stats from DeFi Pulse, Aave is now the most successful DeFi platform with around $1.52 billion in cryptocurrencies locked in the protocol.
Aave isn't the only DeFi cryptocurrency to have shot through the roof this morning. Other smaller DeFi platforms including Serum (SRM) and YFII-Finance (YFII) have also gained more than 10% today. Reserve Rights Token (RSR) is up 7% since yesterday after being listed on Binance, whereas micro-cap DeFi asset OpenPredict (OPT) is up 38.6% in the last day.
Overall, there is now more than $7 billion in cryptocurrencies locked up in DeFi—a gain of more than 600% in the last 3 months. Another sign of a growing bubble.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.