Aave Surges 11% as DeFi Rallies Despite Bond Yields

Aave surged 11% on token burn speculation, leading a broad DeFi rally even as the 10 year Treasury yield hit 5.234%, per CoinDesk.

Can crypto markets keep rallying if bond yields continue rising, or does this reflect a short lived reaction to token specific speculation? The relationship between crypto and traditional fixed income has shifted before. Whether this signals a lasting decoupling, or a temporary anomaly, remains an open question for investors across both markets.

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