$33 billion—the deposit figure in yesterday’s acquisition announcement for $AAVE .
Yet the price is still grinding slowly around 131 today, barely making room for the acquisition news. Aave Labs announced it had acquired the Avon team and technology, with fixed-rate lending as its primary focus, aiming to let borrowers lock in their borrowing costs for a set period in advance.
▪️ $AAVE is around 131.5 (almost flat over 24h), with roughly 60% of accounts holding long positions
▪️ The company says deposits exceed $33 billion and active loans exceed $13 billion
▪️ $UNI , also in DeFi, is around 7.02, while its contract trading volume is actually higher
The positive news is already in the announcement, but the market seems not to have noticed. With this kind of acquisition news, would you watch the price reaction first, or wait for the product to actually launch?
#AAVE #UNI #DeFi
Yet the price is still grinding slowly around 131 today, barely making room for the acquisition news. Aave Labs announced it had acquired the Avon team and technology, with fixed-rate lending as its primary focus, aiming to let borrowers lock in their borrowing costs for a set period in advance.
▪️ $AAVE is around 131.5 (almost flat over 24h), with roughly 60% of accounts holding long positions
▪️ The company says deposits exceed $33 billion and active loans exceed $13 billion
▪️ $UNI , also in DeFi, is around 7.02, while its contract trading volume is actually higher
The positive news is already in the announcement, but the market seems not to have noticed. With this kind of acquisition news, would you watch the price reaction first, or wait for the product to actually launch?
#AAVE #UNI #DeFi