AAVE surged 19% to $355, leading the top 40 cryptocurrencies in daily gains. The rally follows Aave's expansion onto the Aptos blockchain and dovish remarks from Federal Reserve Chair Jerome Powell. Aave Labs launched Aave V3 on Aptos, marking its first deployment on a non-EVM blockchain, supported by audits and a $500,000 bug bounty. Powell's comments at the Jackson Hole Symposium, suggesting potential interest rate cuts in September, further boosted market sentiment, contributing to AAVE's rise.
AAVE Jumps 19% Following Aptos Expansion and Fed Chair's Comments
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