Kraken stake, buybacks, and tokenized stocks boost Aave; chain closures and ETH reward cut risk weigh
Kraken to buy 15% stake in Aave Crypto exchange Kraken is in talks to buy a 15% stake in Aave for 35,000 Ethereum (about $71 million), valuing Aave at $385 million. This brings fresh capital and a major partner, boosting demand for AAVE tokens.
This is a major new investment that directly increases demand and validates Aave's business.
USDT borrowing on Aave surges, hitting caps Borrowing of the stablecoin USDT on Aave jumped by about 239 million in a week, reaching 95.5% of the allowed limit. This shows strong demand for Aave's lending services, which can lead to more fees and higher token value.
It shows real usage growth, a key driver of Aave's revenue and token demand.
Aave to close V3 markets on six blockchains Aave is considering shutting down V3 markets on six blockchains and removing 50 idle tokens, affecting $98 million in deposits. This reduces Aave's footprint and could lower revenue, but it also cuts risk and focuses on profitable chains.
It's a major restructuring that could hurt short-term revenue but improve long-term efficiency.
Bitwise: crypto undervalued, Aave buybacks support price Bitwise says crypto is undervalued and could double as protocols use revenue to buy back tokens. Aave's DAO has already bought over 205,000 AAVE, which reduces supply and supports the price.
It highlights a structural demand driver (buybacks) that can lift AAVE's price over time.