The decentralized finance (DeFi) space keeps showing remarkable market behavior, with the AAVE protocol attracting a lot of attention. In recent days, the total amount borrowed on AAVE, when measured in ETH, has shot up to a record high of 6.14 million ETH, which means that the platform is getting a lot of business these days. What’s really odd about this situation is that the USD equivalent of total funds borrowed has taken a sharp downturn, even as the borrowing amount in ETH has zoomed to an all-time high. On December 17, AAVE achieved an all-time high regarding its overall
The post AAVE Sees Record Borrowing Activity in ETH, While Whale Continues to Offload Holdings appeared first on The Merkle News.
