Since decentralized finance (DeFi) protocol Aave put its new stablecoin project to the vote, there has been an increase in the number of daily active addresses, while the local cryptocurrency continues to rise.
July DeFi protocol, which earlier this month announced GHO, a new over-collateralized decentralized stablecoin project that will generate returns to its investors aaverecently submitted the local stablecoin project to the community vote, and the vote was largely approved.
research company IntoTheBlock, Monday, August 1 on his official Twitter account. in sharing On-chain activity on Aave has increased since the vote reported.
On-chain activity for the AAVE token is in an uptrend. As Aave moves forward with its GHO stablecoin, the number of daily active addresses has recently hit an annual high. The AAVE token is up 114% from the last low.
IntoTheBlock The number of daily active addresses on Aave last week, according to data provided by 1,860got on top of it. a similar activity March It was seen at the end of the month.
On the other hand, Aave’s native cryptocurrency AAVE on the other hand, has been on the rise since the announcement of the stablecoin project. May The decline in the crypto money market since 46 dollars declining to levels AAVEstarting to gain value with the announcement 106 dollarsrose up to
CoinGecko According to the data of the last 30-day period 62.9% appreciated AAVEat the time the news was written May 2021 The all-time high (ATH) in history 661 dollarsof 86.1% under $94.33traded from.