Aave has experienced a significant decline in trading volume, dropping 70% since August, as reported by AiCoin. This decrease comes as users retreat amid declining cryptocurrency prices. In contrast, Nexo has seen a remarkable 155% increase in transaction volume over the past week. This surge is attributed to traders opting to borrow against their assets rather than selling them during the market downturn. Reports from CryptoQuant indicate a shift in the lending market, with users showing a preference for leveraging their assets instead of liquidating them.
Aave Lending Volume Plummets 70% Since August; Nexo Sees 155% Weekly Surge
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