- Aave recently adopted a voting proposal on the question of whether the assets should go to the Aptos chain.
- The liquidity flow was also increasing, fixing the tone of a potential market rally.
Buyers are gradually accumulating Aave (Aave), as its price leaps of 3.34% reflects in the last 24 hours, which is a major reversal of its 18.69% drop in last month.
Of course, the feeling of the market has become optimistic as liquidity improves and that a key protocol wins the field in the ecosystem.
The upgrade of the ecosystem could benefit Aave
The Aave V3 protocol made an announcement, currently under the vote of governance, to make its debut on its first compatible channel not ethereum, Aptos (APT).
Aptos has speeds of 150,000 TPS – TPS eclipses 12–15 TPS of Etlips. This upgrade could unlock a faster execution, stimulate user growth and attract deeper liquidity.
Ambcrypto noted that the feeling had remained bruised after the announcement, fueling the expectations of a sustained rally.
Aave attracts new market liquidity
There has been a gradual increase in the total locked value (TVL) in Aave in recent days. TVL measures the evaluation of a protocol.
When high, this implies that more investors have deposited in its intelligent contracts, signaling a growing conviction.
Aave’s V3 TVL TVL increased from $ 26.574 billion to April 11 to $ 28.075 billion at the press, an increase of approximately 1.5 billion dollars during this period.
Source: Defillama
Liquidity entries earn a rhythm
This liquidity injection can be linked to the increase in activity. According to Intotheblock, Aave’s active addresses crossed 174,840, pointing to a new participation in detail.
In addition, investors have bought 7,910 Aave, worth more than a million dollars, in the last 24 hours only. While the exchange Netflows turned negative, he hinted at the long -term outfit of short -term speculation.
A negative Netflow implies that these AAV tokens have been purchased and moved to private wallets for long -term outfit, adding to the possibility of a market wave.
Source: intotheblock
Derivatives are also lean
Derivative traders are aligned with the majority of bullish investors on the market.
At the time of writing the time of writing, the bulls on the term market have taken control, because the rate of financing weighted by OI, which assesses interest and financing rates will open the financing rates, remains positive.
A positive reading of this metric indicates that most AAV contracts come from long traders anticipating an increase in prices.
