Aave protocol scaled with implementation of automated market makers (AMM) Uniswap, Balancer Labs and Gelaton Network. For 2022, the open source DeFi protocol has decided to expand to Curve Finance and Sushi Swap. While the altcoin project also has a recent Centrifuge (CFG) partnership, analysts are aiming for tops in Q1. Here are the details…
Aave price gears up, according to analysts
The Aave protocol plans to scale its network further in 2022. DeFi protocol deployed to Polygon and Avalanche pushed the network to scale higher. This has strengthened Aave’s user base and increased on-chain efficiency in the protocol. More importantly, Aave’s startup team has launched an inter-blockchain governance bridge. This means that the protocol can be managed across multiple networks from mainnet management. The Aave community is working to enable gasless voting and make governance inclusive for users on the network.
Important news from the altcoin project
Cryptocoin. com, Centrifuge (CFG), a platform that enables real-world assets to connect to DeFi protocols, announced that it has agreed with Aave to launch RWA Marketplace. Also, the developer team of the project is working on V3. This upgrade aims at open source protocol, capital efficiency, risk mitigation and cross-chain bridging. Additionally, Aave’s V3 protocol has been audited six times and is running on the Arbitrum testnet.
What do analysts say about AAVE?
Colin Wu, a Chinese journalist, reports that Aave is working to launch its mobile wallet in 2022. Aave started working on NFT Collateral protocols; As part of web3 updates in 2022, DeFi protocol plans to ship native payment app. A crypto analyst, Crypto_McKenna, evaluated the Aave price trend and predicted that the DeFi token could go into a range faster than investors expected. The analyst shares the setup below for the first quarter of 2022.