🐓Tokens Benefiting from ETH Price Increase🐓
When ETH price rises -> Layer 2 -> DeFi -> liquid staking tokens and other tokens dependent on Ethereum infrastructure—often benefit from increased network activity.
1. Layer 2 (L2) Tokens
The Pectra upgrade improves Layer 2 scalability, particularly through EIP-7691, doubling the number of data blobs per block from 3 to 6, reducing transaction costs for rollups. This makes Layer 2 solutions more efficient, potentially driving adoption and the value of native tokens.
🐦Arbitrum (ARB): Highly correlated with ETH (0.94), it is one of the Layer 2 tokens likely to move in sync with ETH price.
🐦Polygon (POL): Strongly correlated with Arbitrum (0.97) and Optimism (0.93), indicating it moves closely with other L2 tokens and ETH.
🐦Optimism (OP): Another major Layer 2 solution for Ethereum, likely to see increased usage due to lower costs and improved scalability after Pectra, potentially boosting demand for OP.
2. Liquid Staking Tokens
The Pectra upgrade includes EIP-7251, increasing the maximum validator balance from 32 ETH to 2,048 ETH, simplifying staking for large investors and improving staking efficiency. This makes staking on Ethereum more attractive, especially for institutional investors, potentially driving demand for liquid staking protocols.
🦆Lido DAO (LDO): Highly correlated with ETH (≥ 0.81) and the leading liquid staking protocol. As staking becomes more efficient, demand for LDO may rise due to increased ETH staking activity.
🦆Rocket Pool (RPL): Also strongly correlated with ETH (≥ 0.81) and benefits from increased staking participation.
🦆ETHFI: A newer liquid staking token, highly correlated with ETH. It is a strong candidate to benefit from ETH price increases.
🦆Pendle (PENDLE): Focused on yield tokenization.
3. DeFi Tokens
Ethereum dominates the DeFi sector with over 52% of the industry's total value locked (TVL).
🐥Uniswap
🐥Ethena (ENA)
🐥Aave (AAVE): A leading DeFi lending protocol.
🐥Maker (MKR): MakerDAO, supporting the DAI stablecoin, may see increased demand as the Ethereum ecosystem grows, especially with institutional adoption.
Personal
From an investment perspective, Alan is interested in AAVE and ETHFI at this stage. They have good price models and are strong players in two benefiting sectors.
Based on observations from Nansen, there are signs of accumulation over the past two weeks. Worth paying attention to, especially if it holds at this price range along with BTC dominance trending downward.
#onchain #degen
Show original
9.44K
2
CryptoAmsterdam
It’s not 2017 anymore, not everything will x10s.
You need to be selective and put in some work.
One simple trick: look for strength.
Even in this pullback, some tokens stay green.
A few standing out:
- COOKIE
- CRV
- AAVE
- VIRTUAL
- HYPE
Track the outperformers. When panic hits, you got your shopping list.
29.25K
194
Cointelegraph
🗞️ Need to catch up on the news? Here's our top 10 from today:
🔸 Hours before Trump’s private crypto dinner, Rep. Maxine Waters introduces the “Stop TRUMP in Crypto Act” to block the president and his family from profiting off digital assets while in office.
🔹 CFTC Commissioner Summer Mersinger confirms that cryptocurrency perpetual futures are allowed for trading in the U.S.
🔸 Bitwise CIO Matt Hougan says GENIUS Act advancement could trigger multi-year crypto rally, major boost for $ETH, $SOL, $UNI, and $AAVE.
🔹 Kraken to launch 50+ tokenized stocks and ETFs including Apple, Tesla, and NVIDIA, enabling 24/7 trading outside the US.
🔸 UK court rejects $11.9B Bitcoin SV lawsuit against Binance, says investors could’ve mitigated losses after 2019 delisting.
🔹 Michael Saylor's Strategy to sell up to $2.1 billion of 10% preferred stock to fund more $BTC purchases.
🔸 EURØP becomes first MiCA-compliant euro stablecoin integrated on the XRP Ledger, enabling regulated euro settlements, DeFi, and tokenized assets on XRPL.
🔹 Cetus, main LP provider DEX on $SUI, allegedly hacked.
🔸 FIFA is launching its own layer-1 blockchain on Avalanche.
141.82K
156
Opaque.patron
at Token2049 last month, @kaiynne announced Infinex Connect and demo'd AAVE & Noise integrations
today at @SolanaConf, we're going to drop two more integration demos.
but which ones? 👀
47.64K
39
2xMatt.eth and reposted
Stani.eth
SoFi:
$36B AUM, business managed by a corporate board.
Aave:
$42B net deposits, infrastructure governed by a DAO.
Let that sink in.
27.56K
343
AAVE price performance in USD
The current price of AAVE is $257.52. Since 00:00 UTC, AAVE has increased by +0.25%. It currently has a circulating supply of 15,138,688 AAVE and a maximum supply of 16,000,000 AAVE, giving it a fully diluted market cap of $3.89B. At present, the AAVE coin holds the 26 position in market cap rankings. The AAVE/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates ("OKX TR") are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
The AAVE team introduced the AAVE Protocol to the market in 2020, marking a significant milestone as it enabled users to leverage actual cash on the platform. Before this, the idea of borrowing and lending cryptocurrencies appeared unconventional. Since its inception, the AAVE protocol has revolutionized the decentralized finance (DeFi) ecosystem. AAVE is one of the most renowned lending protocols within the DeFi space. But what precisely is the AAVE protocol, and what factors contributed to its widespread acclaim?
What is AAVE?
AAVE, formerly known as ETHLend, is a prominent decentralized money market protocol that facilitates the lending and borrowing of crypto assets. The protocol operates through a native token called AAVE, which serves as a governance token, empowering the community to shape the protocol's trajectory collectively.
Within the AAVE protocol, lenders can generate income by supplying liquidity to the market, while borrowers can collateralize their crypto assets to secure loans from the available liquidity pools. AAVE supports decentralized and non-custodial lending, allowing users to earn interest on their holdings and borrow various crypto assets. The protocol operates fully decentralized and incorporates a governance mechanism that relies on the AAVE token.
The AAVE Team
AAVE was initially founded in 2017 by Stani Kulechov under the name ETHLend. Kulechov's original vision was to create a platform that connected borrowers with lenders in a peer-to-peer (P2P) fashion. However, faced with various challenges, Kulechov shifted the approach to a peer-to-contract model, ultimately transforming ETHLend into AAVE.
How does AAVE work?
AAVE allows users to deposit their assets into a liquidity pool, earning interest in proportion to their contributions. Individuals can obtain a loan by providing collateral as an asset on the borrowing side. If the loan cannot be repaid, the protocol can liquidate the collateral to cover the outstanding debt.
Collateralized loans
Collateralized loans AAVE offers overcollateralized loans, requiring borrowers to deposit crypto assets worth more than the amount they wish to borrow. This ensures lenders are protected from potential loan defaults and allows the AAVE protocol to liquidate the collateral if its value significantly declines.
Flash loans
The AAVE protocol also enables flash loans, allowing users to borrow any amount of money from the protocol's capital without providing collateral. However, it is essential to note that the loan must be repaid almost immediately within the same transaction block.
AAVE’s native token: AAVE
When you deposit funds into AAVE, you receive an equivalent amount of tokens. These tokens are crucial to the network as they allow you to earn interest through lending activities.
Tokenomics
The AAVE ecosystem consists of a total of 16 million AAVE tokens, with 14.393 million tokens currently in circulation. It's important to note that 3 million tokens from the total supply are allocated to the founding team. These tokens play a significant role in supporting the development and growth of the AAVE protocol.
AAVE use cases
AAVE has multiple use cases within the DeFi protocol. Firstly, it is widely used for staking and governance, allowing token holders to participate actively in the decision-making process and contribute to the development of the protocol.
Additionally, AAVE plays a crucial role in facilitating lending and borrowing services offered by the protocol. Users can borrow funds against their collateral, participate in collateral swaps, and even utilize flash loans for quick and efficient transactions.
AAVE Distribution
The distribution of AAVE tokens is as follows:
30 percent of the tokens were set aside for the core development of the DeFi protocol.
20 percent of the tokens were allocated for developing a user-friendly interface, ensuring a smooth user experience.
20 percent of the tokens were allocated for management and legal costs of maintaining the protocol.
20 percent of the tokens were used for promotions and marketing activities to increase awareness and adoption.
10 percent of the tokens are reserved for covering overhead costs related to the operation of the AAVE ecosystem.
What the future holds for AAVE
The future looks promising for AAVE and its token holders, as the protocol has set ambitious goals for its ecosystem. With a clear vision and strategic plans, AAVE is poised to maintain its position as a leading protocol for borrowing and lending in the crypto industry.
However, it is important to note that the rapidly evolving crypto ecosystem regularly introduces new innovations and competition. The AAVE team must stay agile and prepared to navigate the challenges posed by emerging projects to sustain their success.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 6.2K new posts about AAVE, driven by 3.9K contributors, and total online engagement reached 1.7M social interactions. The sentiment score for AAVE currently stands at 86%. Compared to all cryptocurrencies, post volume for AAVE currently ranks at 757. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of AAVE.
Powered by LunarCrush
Posts
6,244
Contributors
3,854
Interactions
1,678,596
Sentiment
86%
Volume rank
#757
X
Posts
4,661
Interactions
961,247
Sentiment
85%
AAVE FAQ
What is AAVE used for?
AAVE is a decentralized crypto lending platform that facilitates the borrowing and lending of digital assets. AAVE automates the lending process using smart contracts, making it efficient and secure. The protocol focuses on overcollateralized loans, where borrowers must deposit more crypto assets as collateral than the amount they wish to borrow.
How is AAVE different from Compound?
AAVE differs from Compound (COMP) in several ways. AAVE provides flash loans, enabling consumers to borrow assets without security for a brief duration. On the other hand, COMP does not provide flash loans. Additionally, AAVE offers a decentralized governance mechanism where token holders may vote on modifications to the platform.
Where can I buy AAVE?
Easily buy AAVE tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include AAVE/BTC, AAVE/USDT, and AAVE/USDC. Users are also able to purchase AAVE with a choice of over 90 fiat currencies via the “Express buy” option.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into AAVE, visit the OKX TR Crypto Converter Calculator. OKX TR's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
How much is 1 AAVE worth today?
Currently, one AAVE is worth $257.52. For answers and insight into AAVE's price action, you're in the right place. Explore the latest AAVE charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as AAVE, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as AAVE have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Start your crypto journey
Faster, better, stronger than your average crypto exchange.
Socials