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news-imageDecember 24, 2024

Aave and Lido surpass $70 billion in net deposits

Money market Aave and liquid staking protocol Lido surpassed $70 billion in net deposits in December for the first time, according to data from TokenTerminal. As of press time, the two largest DeFi protocols hold a total $67.42 billion.
Publisher: CryptoSlate
Sentiment: Positive
AAVE
LDO

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Positive
cover-imageCoingape
December 24, 2024

AAVE Price Hits 18%, Why It's Pumping Today?

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.

Positive
cover-imageThe Currency Analytics
December 21, 2024

AAVE Whale Activity Signals Potential for $500 in 2025

Aave (AAVE), a leading decentralized finance (DeFi) token, has garnered increasing attention in recent weeks, especially from whales and smart decentralized exchange (DEX) traders. As the broader crypto market faces volatility, these key players seem to be strategically re-entering the market, particularly in response to recent price corrections.

Negative
cover-imageNewsBTC
December 17, 2024

Ethereum Price Crash Incoming? Tron's Justin Sun Unstakes $209 Million ETH From Lido Finance

The Ethereum price could face some turbulence, as Justin Sun, the founder of Tron (TRX), has unstaked a whopping $209 million from Lido Finance, a liquid decentralized staking platform for Ethereum. Compared to top cryptocurrencies like Bitcoin (BTC) and Dogecoin (DOGE), the Ethereum price has had a relatively muted performance, skyrocketing to $4,000 before consolidating and struggling to move higher.

Negative
cover-imageCryptopolitan
December 17, 2024

Lido commences closing down Polygon PoS chain staking service

Lido has officially begun the phase-out of its staking services on the Polygon Proof-of-Stake (PoS) chain following a community-approved vote in November. The decision marks a significant shift in the protocol's operations, which had previously allowed users to stake Polygon's MATIC tokens in exchange for liquid staking tokens called static.

Positive
cover-imageCoingape
December 17, 2024

AAVE Price Targets ATH As Active Address Rise

AAVE price stalls near the key resistance level at $400, pausing its strong rally that began in April. This uptrend followed by consoldiation coincides with accumulation by large investors and spike in active addresses, hinting at another leg up.

Negative
cover-imageCrypto Economy
December 17, 2024

Lido Discontinues Polygon Staking Service After Community Approval

TL;DR Lido has announced discontinuing its staking service for the Polygon PoS chain, following a community vote where 99% of LDO token holders favored the proposal. The decision is due to challenges such as low user engagement, inadequate rewards, and the evolving DeFi landscape, particularly the increased focus on zkEVM solutions.

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