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Here’s what you should and shouldn’t expect after AAVE V3
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AAVE V2 was an important moment in DeFi history. It brought various new features to the protocol, pushed AAVE forward and as a result, catalyzed the TVL to where it is today.
However, the way it affected the price of AAVE is what has brought us here today. Because, looking at AAVE’s present-day movement, V3 could change that dramatically.
AAVE, despite being the third-largest DeFi protocol, has been one of the more underwhelming tokens in the spot market. Its growth has been very slow and there haven’t been any major developments, except for the SUSHI and DPI event of 29 October.
While the AAVE Improvement Protocol (AIP) was executed for the betterment of the network, it led to a $6 billion decline in the Total Value Locked (TVL) the next
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