ETH Becomes Deflationary and AAVE Generates Significant Revenue | Flash News Detail | Blockchain.News

ETH Becomes Deflationary and AAVE Generates Significant Revenue

8/6/2024 11:00:01 AM

ETH Becomes Deflationary and AAVE Generates Significant Revenue

According to CryptoMichNL, two significant events occurred yesterday. Firstly, Ethereum (ETH) became deflationary with a supply decrease at an annual rate of 0.812%. Secondly, AAVE performed exceptionally well on-chain, generating several millions in trading revenue. These developments suggest that the DeFi sector is likely gaining momentum. (Source)

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More from Michaël van de Poppe (@CryptoMichNL): Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast