Aave, which is one of DeFi lending protocols has been on fire recently. It introduced new features and as a result, the stock value was increased.
The total amount locked in Aave reached about $1.3 billion (170%) from August, so it doubled since August 10.
It's important to mention the rise in price. For instance, the LEND token now trades for $0.69. Analyzing these results, we can conclude that liquidity mining isn't necessary for DeFi. The main goals are to attract value, make token prices exciting and bring innovation.
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Entire value locked in Aave doubled in just two weeks