#aave

The data analysis company, Santiment, has detected a notable surge in transactions (exceeding $10 million) within certain renowned altcoins, including AAVE, APE, COMP and others. The majority of these have seen a price decline, with AAVE being the exception, as its value increased by 1.14%. This shift was discernible not only against the dollar but also when compared to Bitcoin.

The lending platform has temporarily halted the Aave V2 protocol on Ethereum and frozen some assets on Aave V3 across Polygon, Arbitrum, and Optimism networks due to a discovered feature glitch.

Aave announced the freezing of reserves of the exchange's sole stablecoin BUSD in light of Paxos' move. Mark Zeller claims that the coin has no chance of developing and that it may harm the project's arbitrage opportunities. The 26th of February is predicted to be the Doomsday for BUSD on Ave. Which stablecoin will take the place of the coin is yet to be determined.