What does Aave’s growth on Arbitrum mean for the current state of L2s

Aave grew on the Arbitrum network but declined on Ethereum Arbitrum’s TVL witnessed growth, and the number of transactions on the protocol rose  According to new data from Dune Analytics, Aave [AAVE] users on Arbitrum witnessed major growth. More and more users have increasingly switched to Arbitrum, indicating that L2 adoption was rapidly rising. Source: … Read more

AAVE relies on ETH whales, but is it enough for a sizable rally this week

AAVE witnesses renewed interest from whales However, lack of demand may dampen the state of AAVE in the long run  In the first half of November, AAVE crashed to sub-$60 price levels. Its performance last week indicated a low demand of enough bullish momentum for a sizable recovery. However, that observation might be about to … Read more