Lending Protocol

Aave recorded its biggest daily jump in new Ethereum wallets since October 2021, even as the wider crypto market softened. The spike has revived interest in DeFi, but analysts say fresh addresses must turn into real usage to support the rally.

Kraken is evaluating a deal to acquire a 15% stake in DeFi lending protocol Aave at a valuation of $385 million, according to sources. The move comes as Payward seeks to diversify ahead of a possible IPO and as Aave rebuilds after the KelpDAO fallout.