The decentralized finance (DeFi) lender AAVE has seen its native token price rise by 14%, surpassing a key resistance level. Following this increase, AAVE’s next target appears to be around $190. This upward momentum comes as a result of the integration between Bybit and Mantle, connecting AAVE to approximately 70 million users. AAVE is a prominent DeFi protocol that enables users to exchange, borrow, and lend cryptocurrencies without intermediaries. Bybit is a global cryptocurrency exchange, while Mantle is a blockchain solution offering fast and low-cost transactions. Their merger grants AAVE access to a large user base, likely boosting its adoption and popularity. Given the growing interest in the DeFi market, this price surge reflects investor confidence. The integration could provide AAVE with further growth opportunities and help expand its services. However, due to the cryptocurrency market’s inherent volatility and potential regulatory challenges, investors are advised to exercise caution. Overall market trends and technical indicators will determine AAVE’s price direction in the coming days.
Source: coindesk
