Aave

<ul> 
 <li>Aave’s on-chain activity has doubled in active addresses compared to three months ago.</li> 
 <li>Aave’s new “Skyward” service aims to streamline proposal navigation for DAO members.</li> 
</ul> 
IntoTheBlock reported in a <a href="https://twitter.com/intotheblock/status/1825828330089685204">tweet</a> that Aave’s on-chain activity has increased dramatically this month, with the number of active addresses doubling since three months ago. This significant spike in on-chain activity has pushed Aave’s native token, AAVE, into the spotlight, placing it among the top three gainers today. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 On-chain activity for <a href="https://twitter.com/search?q=%24Aave&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Aave</a> has surged this month, with the number of active addresses doubling compared to three months ago. <a href="https://t.co/uox73kQmT6">pic.twitter.com/uox73kQmT6</a> 
 — IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1825828330089685204?ref_src=twsrc%5Etfw">August 20, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="strong-aave-breaks-accumulation-zone-eyes-200-target-strong">AAVE Breaks Accumulation Zone, Eyes $200 Target&nbsp;</h2> 
AAVE has risen by 16.84% over the last 24 hours, reaching $128.63, representing an amazing 34.68% growth over the previous seven days. 
Furthermore, the protocol’s daily transaction volume has skyrocketed by 118.90% in the last 24 hours, reaching $322.39 million. The market’s overall positive mood is driving this increase in price and volume, which suggests that AAVE is becoming more popular. 
One popular trader, Luuk, noted that <a style="color: #008000;" href="https://www.crypto-news-flash.com/aave-gains-momentum-surge-in-traders-and-new-initiatives/">AAVE</a> had broken through an 805-day accumulation zone, implying that a significant rally is on the way. 
Several analysts concur, suggesting that this might be the start of a powerful rally that will take the token back to its prior all-time high (ATH). The $200 mark is currently regarded as the nearest target in this upward movement. 
<figure style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-medium" src="https://pbs.twimg.com/media/GVZ_qv4XcAACko-?format=jpg&amp;name=900x900" width="900" height="419">
 <figcaption class="wp-caption-text">
 Source: Luuk <a href="https://x.com/Trader_Luuk/status/1825787164669382676">on</a> X
 </figcaption>
</figure> 
On the other hand, CNF earlier <a style="color: #008000;" href="https://www.crypto-news-flash.com/skyward-aave-new-service-to-simplify-dao-proposals/">noted</a> that Aave has introduced a new service named “Skyward,” which was created by the Aave-Chan Initiative (ACI). Skyward is a free service meant to help Aave DAO members traverse the proposal process more efficiently, resulting in increased participation in governance. 
Furthermore, Marc Zeller, the founder of AAVE Labs, has offered a fresh proposal, which has spurred renewed interest in the protocol ecosystem. This proposal <a style="color: #008000;" href="https://www.crypto-news-flash.com/aave-gains-momentum-fee-switch-and-token-buyback-proposals/">seeks to launch</a> a “fee switch” and “buy back tokens” from the open market, potentially increasing the value of AAVE over time. 
The idea also allows third-party protocols and networks to strengthen user security by “restaking” the Aave protocol. This move could strengthen Aave’s position as a leader in the decentralized finance (DeFi) market, drawing more users and improving the token’s utility and value.

Active Addresses for Aave Double, Boosting On-Chain Growth

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