On 2 November, the Aave community voted to deploy the protocol on the zkSync 2.0 testnet. The proposal was originally presented by the Aave team in order to extend the decentralized lending service to the Ethereum roll-up’s testnet. The proposal was met with nearly unanimous approval from the community. Following the vote’s success, Aave will […]
version of Aave Arc to set their own interest and exchange rates. This move marked an important milestone for Aave as it saw its utility extend beyond its ecosystem., Aave V2 had the fifth-highest TVL. In spite of this, when all of Aave’s TVLs were added together, it was discovered that it would rank only fourth. At the time of writing, the estimated TVL was $5.32 billion.
The resistance level that was seen to have persisted for some time has not been broken by AAVE. Between $91.3 and $101 was where the resistance level was observed. The Relative Strength Index analysis suggested that AAVE maintained its position just above the neutral zone.The introduction of Aave on the zkSync testnet gives the ecosystem new opportunities. Users will be guaranteed speed at a lower cost, increasing its allure.
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