Amid the bulls & bears setting the dominance, AAVE price is on the second day of constant gains, rallying 18% in the last 24 hours. Interestingly, the token was bullish for days but fell with the crypto market crash, disturbing its performance. However, that is changing today, and there are multiple reasons behind that.
Why is AAVE Price Pumping Today?
AAVE is among the top profiting cryptos due to its recent performance. However, it is also the leading DeFi protocol and is known for its services and collaboration. One such proposed collaboration is with Chainlink’s Smart Value Recapture (SVR), which works on rerouting the revenue back to the users from the maximum extractable value (MEV).
This collaboration is in the initial steps of discussion as the AAVE ecosystem is facing issues related to MEV extraction as the Aave proposal says: –
Aave and its liquidation bonus work, but lately a “problem” has appeared that deserves some type of optimization: MEV (Maximal Extractable
We współpracy z: https://coingape.com/trending/aave-price-hits-18-why-its-pumping-today/
