AAVE surges 9% following Fed rate cut – Will the V4 upgrade drive further growth?

AAVE’s price increased by 9% post-Federal Reserve interest rate cuts, trading at about 205 USD. The V4 upgrade aims to enhance capital efficiency and risk management, contributing to positive market sentiment.

Derivatives data indicates growing interest, with open interest rising by 34 million USD. Network activity intensified, nearly doubling active receiving addresses to 1,200 since December 7. However, liquidity barriers remain a concern for potential upside.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts