18.7 C
New York
Tuesday, June 28, 2022

๐ŸŽ“ Why is the price of the Aave cryptocurrency skyrocketing?

- Advertisement -
- Advertisement -


okx banner top content

The price of the Aave cryptocurrency has increased by 14.41% in the last 24 hours, and its price today is $143.01.

Aave Coin Price

The reason for this increase is due to the release of the most powerful version of the Aave protocol to date, V3, as V3 introduces innovative new features, from increasing capital efficiency to improving decentralization.

But what’s new in V3?

Electronic gates: facilitate cross-chain transactions

High Efficiency Mode โ€“ Unlocks high borrowing power

Quarantine mode: Allows you to insert new coins protecting the protocol

Gas Optimization โ€“ V3 reduces gas costs for all jobs by approximately 20-25%

L2 architectures: specific characteristics of L2 networks

Community: facilitates and encourages community use through a well-organized normative database

Risk Management โ€“ โ€‹โ€‹Provides additional protection through a variety of risk limits and other tools

Notably, users will be able to access Aave V3 through countless new wallet and hotspot integrations across Instadapp, DeBankDeFi, 1inch, paraswap, zapper_fi, and many more.

Source link

- Advertisement -

New Articles