Live Feed

AAVE Drops 8% Amid Crypto Weakness Despite RWA DeFi Momentum

AAVE, the governance token of the decentralized lending protocol, experienced a significant decline, dropping 8% to $208 amid heavy institutional selling. The price fell from $248 earlier in the week as the broader crypto market faced challenges, breaking the critical support level of $211. The recent downturn established bearish momentum for AAVE, with the formation of lower highs and lower lows. Trading activity increased by 40% above the seven-day average, indicating a decisive market response rather than a gradual drift. Despite this decline, Aave’s institutional real-world asset lending arm, Horizon, continued to grow, reaching over $450 million since its launch two months ago. However, AAVE underperformed compared to the CoinDesk 5 Index, which fell nearly 4%, highlighting broader market weakness. Key technical levels suggest ongoing breakdown risks, with established resistance at $235 and recent volume spikes confirming selling waves. The failure of a recovery at $212.70 indicates potential for further pullbacks.

Source 🔗

CoinDesk 20 Performance Update: Uniswap (UNI) Surges 16.6% as Nearly All Assets Rise

The CoinDesk 20 index has shown strong performance, with Uniswap (UNI) surging by 16.6% and Hedera (HBAR) increasing by 9.9% over the weekend. Out of the 20 assets in the index, 19 are trading higher, reflecting a broad market rally. Notable laggards include Internet Computer (ICP), which fell

CoinDesk 20 Performance Update: Uniswap (UNI) Surges 16.6% as Nearly All Assets Rise

The latest CoinDesk 20 performance update highlights significant rises in the cryptocurrency market, with Uniswap (UNI) leading the pack by surging 16.6%. Nearly all major assets experienced gains, with a few exceptions. Hedera (HBAR) performed strongly as well, increasing by 9.9%. At the time of reporting, the CoinDesk

CoinDesk 20 Performance Update: Uniswap (UNI) Surges 16.6%

In a significant market update, Uniswap (UNI) has experienced a remarkable surge of 16.6%, contributing to an overall positive trend where nearly all assets have risen. The CoinDesk 20 Index shows a 4.7% increase, now trading at 3513.1, following the weekend trading period. Alongside Uniswap, Hedera (HBAR)

Read next