Aave Price Bounces Back Near Previous Zone, Eyes Breakout Run to $202.91

Aave is one of the largest decentralized lending protocols in DeFi, launched in 2020. It allows users to lend and borrow crypto assets without a middleman.

The token's price has dropped 3.4% on the day, trading at $124.95. However, after a sharp drop followed by a quick recovery, it's now hovering near its previous zone.

Aave's market cap is $1.928B, close to its fully diluted valuation of $1.999B. The circulating supply of 15.424M tokens already accounts for nearly the entire max supply of 16M.