Aave's GHO Nears All-Time High with Expanding User Base | Flash News Detail | Blockchain.News

Aave's GHO Nears All-Time High with Expanding User Base

8/27/2024 2:36:37 PM

Aave's GHO Nears All-Time High with Expanding User Base

According to IntoTheBlock, Aave's GHO token is approaching its all-time high (ATH) as its user base expands. The amount of GHO minted by users who do not hold stkAAVE has been growing rapidly since May. This trend indicates that GHO is being increasingly adopted outside of the core Aave community, driven by competitive borrowing rates and its use in decentralized finance (DeFi). (Source)

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