Aave is a decentralized finance (DeFi) protocol that allows users to borrow and lend cryptocurrencies. Users can earn passive income by depositing crypto assets into liquidity pools or borrow other crypto assets as needed. The AAVE token is the governance token of the protocol, giving its holders the right to vote and make decisions about the future of the protocol. In addition, AAVE token holders can receive discounts on the transactions they carry out on the platform.
AAVE has experienced a spike of 10% in the last 24 hours. It is known that AAVE is working to buy back tokens from the market. This announcement may have caused an increase in the AAVE price. Shortly after the rise, the AAVE price retreated and is trading at $ 89. In this process, it may be useful to pay attention to the volatility that may be experienced in AAVE.
