AAVE price increases to 2-year high

• The AAVE price reached a maximum of $ 173 on Monday, the highest level since April 2022.
• tvl has also recovered because the decentralized financial protocol experienced an optimistic mood.

The price of the native token of the Defi protocol AAVE (AAVE) has risen to maximum stalls that were last achieved in April 2022.

The increase to over $ 173 has been the highest price of AAVE since the coin was traded at around $ 176 on April 28, 2022.

for AAVE there was a strong downturn after the bulls reached the all -time high of over 670 USD in May 2021 before a massive accumulation phase of almost two and a half years.

aave now seems to be above the horizontal line that the buyers have restricted so long.

Part of this recovery is due to the fact that the wider cryptoma market is expected to get an upward trend, led by the Bitcoin outbreak over 60,000 $ 60,000 and the rally, which includes a renewed test of the bear decline over $ 64,800. According to Coingecko data, AAVE/USD rose by more than 172 % last year, including an increase of over 23 % last week.

These profits are due to the fact that the total value of AAVE has recovered to $ 5.7 billion in January 2023. In a year in which the decentralized financial market benefited from a general recovery in the course of a stronger lending and borrowing, Defillama

The greatest value is at AAVE V3, which has experienced many important integrations on the market. The entire TVL for the network was around $ 20.5 billion.