Why Aave's Cryptocurrency Is Soaring Today
The price of Aave's (CRYPTO: AAVE) token was rising this morning after an announcement today that Aave cryptocurrency owners will now be able to provide liquidity on the Avalanche decentralized finance (DeFi) platform.
The price of the cryptocurrency spiked on the news and is up by 3.9% over the past 24 hours as of 12:44 p.m.
The head of DeFi at Ava Labs, the developer network for Avalanche's platform, said on Twitter today that Aave's latest version is now available for liquidity mining on the Avalanche blockchain.
Source Fool.com