Chainlink and Aave Reached New Highs

by in DeFi News

Aave and Chainlink surge

Defi tokens and altcoins have been doing well lately. The major part of them (Polkadot, Aave, Chainlink, Uniswap)saw a price increase.

Related: The Macro Bull Trend Continues for Chainlink

Decentralized exchanges (DEXs) have had a huge effect on this. Data shows that monthly DEX volumes have grown since July 2020. At the moment the total value locked in DeFi is at $23.89 B.

As a whole, the cryptocurrency market cap now stands at around $989 billion.

Decentralized protocol Aave scored $255 while the flash loans are gaining more demand. At the beginning of January, the price was $83. Aave's TVL rose from $2.03 billion to a record $3.811 billion. Now the platform is the second largest, coming after Maker ($4.86 B)

On January 23, the price of the native token of the Chainlink network surged over $25. At the moment, it trades at about $24. Bitcoin continues to show high volatility. It trades at around $33.210 with a dominance index of 62.85%.