Decentralized finance is snapping out of its sideways crawl.
Aave v3 hit an all-time high in daily assets borrowed, according to IntoTheBlock data. DEXs had their best week since March in terms of volume, and total value locked is at the highest since June, according to DeFiLlama.
Traders' increased risk appetite is driving DeFi activity. Crypto investors are feeling more optimistic and leaving the sidelines as "number go up" again thanks to speculation a spot Bitcoin ETF will be approved in a matter of weeks and to a better (or at least less bearish) macro environment.
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#undefined [Source: TheDefiant]