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AAVE Surges 53% In Market Cap Amid Positive Speculation And On-Chain Milestones

DATE POSTED:December 9, 2024

Over the past two weeks, AAVE has experienced a remarkable 53% increase in market capitalization, driven largely by growing speculation around more favorable DeFi conditions under the pro-crypto policies anticipated from Trump’s presidency.  

The past 24 hours have witnessed significant on-chain activity, highlighting AAVE’s growing prominence:

– 587 whale transactions, the highest since March 2022.

– $385.9 million in on-chain transaction volume, the largest since October 2021.

– 2,346 unique addresses transacting, the most since June 2023.