Key Insights:
Grayscale says AAVE protocol could soon become a household name.
AAVE crypto could be on the verge of a breakout after demonstrating bullish divergence.
AAVE lending deposits level out at $42 billion while stablecoin total supply pushes to new high.
You were likely familiar with Aave Protocol if you were in crypto since before and during the 2021 bullrun. It was one of the biggest players and pioneers in the DeFi Lending segment.
The Aave Protocol was quite popular back then, but its popularity has somewhat cooled, especially during the ongoing bear market. Moreover, numerous other rivals have popped up since then, somewhat diluting the hype.
Despite this, Aave Protocol remains one of the leading lending and borrowing WEB3 platforms. In fact, Grayscale believes that the protocol’s best days might be ahead.
Zach Pandl, Head of Research at Grayscale described Aave protocol as a bank without bankers in a recently published report. This description might be t
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