Here's How Aave Is Revolutionizing Traditional Finance
Decentralized finance (DeFi) protocol Aave (CRYPTO: AAVE) has attracted over $25 billion of cryptocurrency pledged since the borrowing and lending platform launched in Jan. 2020. What's more, Aave tokens have had a stunning run since their initial coin offering (ICO) in 2017, rising from an initial price of $1.76 (adjusted for 100-to-1 swap last year) to almost $400 as of this writing. They now represent the 30th largest cryptocurrency with a market cap of nearly $5.1 billion.
Curious investors are probably wondering how the platform and service were able to attract so much capital in such a short period. As it turns out, Aave offers a huge value proposition by bringing a practice previously available only to affluent investors to the general public. Let's look at what that means.
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Source Fool.com
