Aave Token Price Drops 11% Amid US Regulatory Hurdle
Aave's token price dropped by almost 11% following a US regulatory setback.
The protocol's total value locked rose 13.7% in August to $27.4 billion, with active loans reaching $11.7 billion.
Aave is advancing institutional DeFi efforts by preparing a Real World Asset Hub on Avalanche, which will allow institutions to borrow against tokenized assets using USA₮ as collateral.