AAVE price is now back to 2022-23 range.


Is this a good buy? Depends on your view:
Bullish:
- Largest DeFi protocol by TVL (~$25B) at just $1.37B mc
- 95% unlocked, minimal sell pressure from vesting
- High expectation on V4 (major catalyst)
Bearish:
- Key contributors left (ACI, partners)
- Increasing operational risk
- V4 is an entirely new product with Aave tag
- V3 TVL will drop as liquidity migrates to V4
- V4 adoption/success is not guaranteed
- Morpho is gaining ground
Price is back to where it was before the last hype cycle. Either this is accumulation or a slow bleed.
Depends which side you're on.
AAVE2.78%
MORPHO-1.13%
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