AAVE jumped 16% in a day, yet discussion buzz is actually down 8% from last week.
Some are re-pricing it: from a “lending and borrowing protocol” to a “sell-shovel operator in on-chain finance.”
Grayscale’s latest report lists the DeFi lending sector as a trend, specifically naming AAVE. Another view is more direct: institutions won’t take VC coins and MEMEs as a takeover, but they will bet on on-chain finance projects that can secure a foothold—and AAVE happens to be in that position.
Others have suggested that if DeFi services aren’t just crypto assets, but also crypto stocks and bonds, the market space could be several hundred times larger than it is now.
But don’t ignore the bad news: there are posts saying AAVE incurred bad debts with cross-chain ETH, even though it bounced back quickly—the consequences still need to be verified.
Once the bull-market narrative fades, can real revenue support this “foothold” valuation?
Some are re-pricing it: from a “lending and borrowing protocol” to a “sell-shovel operator in on-chain finance.”
Grayscale’s latest report lists the DeFi lending sector as a trend, specifically naming AAVE. Another view is more direct: institutions won’t take VC coins and MEMEs as a takeover, but they will bet on on-chain finance projects that can secure a foothold—and AAVE happens to be in that position.
Others have suggested that if DeFi services aren’t just crypto assets, but also crypto stocks and bonds, the market space could be several hundred times larger than it is now.
But don’t ignore the bad news: there are posts saying AAVE incurred bad debts with cross-chain ETH, even though it bounced back quickly—the consequences still need to be verified.
Once the bull-market narrative fades, can real revenue support this “foothold” valuation?