Santiment: “It Has Enduring Potential”

Cryptocurrency analysis company Santiment evaluated the AAVE altcoin, which rose by approximately 34% in 2023 in its latest assessment. In its statement, the analysis company claimed that AAVE whale addresses started accumulating in early December and that the token showed lasting potential. However, a Santiment analyst made the following assessment about AAVE:

“Aave is one of the top 5 DeFi protocols with a total locked value (TVL) of over $3.8 billion.

It is a decentralized non-custodial liquidity protocol in which users can participate as depositors or borrowers and functions in an algorithmic money market, i.e. loans are provided through liquidity pools managed by smart contracts.

Aave is also the first company to launch ultra-short-term, unsecured flash loans.

AAVE V3 was recently released to enable cross-chain transactions, high efficiency mode for large transactions, gas optimization and isolation mode for new assets.

In addition, the GHO stablecoin, which is claimed to be launched by AAVE in the first quarter of 2023, stands out as a highly collateralized, decentralized stablecoin. It was proposed by Aave at the beginning of July 2022 and approved by the Aave DAO, and its technical details were published in October 2022.”

In addition, the analyst noted that whale accounts holding 10,000 to 100,000 tokens and 1 million to 10 million AAVEs have also increased the amount of tokens they hold in the last 4 weeks by 12%.

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