Aave Deploys V3 Lending Protocol on Monad, Expanding DeFi Ecosystem
- Lending Protocol Expansion: Aave has deployed its V3 lending protocol on Monad, supporting 12 assets at launch, including USDT, USDC, and the GHO stablecoin, significantly enhancing Monad's lending ecosystem and expected to attract more users and developers.
- On-chain Incentive Mechanism: The Monad Foundation has committed $15 million in incentives during the first 12 months post-activation, while Aave DAO has pledged an additional 500,000 GHO to support early adoption, aiming to establish initial liquidity.
- Liquidity Challenges: Although initial liquidity incentives may boost user activity, LlamaRisk's assessment indicates that user engagement may decline after incentives fade, with liquidity remaining concentrated in established protocols, necessitating attention to future developments.
- Market Potential: As institutions explore bringing tokenized assets into DeFi lending markets, Aave's deployment provides Monad with an established lending venue that could support future tokenized assets, aiding the further development of its ecosystem.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for AAVE
Technical Sentiment Analysis for Aave (AAVE). As of , Aave (AAVE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AAVE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AAVE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Aave (AAVE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 61.735 | 71.243 | 80.205 | 89.713 | 98.675 | 108.183 | 117.145 |
| Fibonacci | 71.243 | 78.298 | 82.657 | 89.713 | 96.768 | 101.127 | 108.183 |
About AAVE
About the author
