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09 May 2021

DeFi resurgence lifts Maker, Aave and Compound price to new highs

DeFi resurgence lifts Maker, Aave and Compound price to new highs


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A rally in the price of Polygon and the rapid growth of its QuickSwap DEX coincided with a sharp increase in the TVL of the AAVE protocol, which now stands at $10.56 billion according to data from DappRadar.

The rapid increase in TVL that began on April 25 coincided with a 55% increase in the price of AAVE from a low of $315 to a high of $534 on May 3.

Compound price whipsawed in both directions in April but that didn't prevent the protocol from reaching a new all-time high. .

Data from Cointelegraph Markets and TradingView shows that after bouncing off a low near $430 in April, the price of COMP rallied 104% to set a new record high at $879 on May 2.

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cointelegraph.com
Market data feeds provided by cryptocompare.com
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