CandleFocus

AAVE: Strong Metrics, Weak Token Price—What’s Holding It Back?

The decentralized finance (DeFi) token AAVE has seen a surge in its protocol metrics, surpassing previous all-time highs. However, its token price remains over 50% below its ATH. This discrepancy has raised questions about the factors holding the token back. Despite this, AAVE's total value locked (TVL) stands at $38.578 billion, indicating strong market interest and debate on the token's future price. The token has recently seen surges in price, with some analysts speculating about the impact of upcoming protocol upgrades and increased DeFi adoption. However, the article emphasizes that it does not constitute financial advice and readers should exercise caution.

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