The host of popular crypto channel Coin Bureau is looking at what’s in store for decentralized lending and borrowing protocol Aave (AAVE).
In a new video, the pseudonymous analyst Guy tells his 1.87 million YouTube subscribers that the overall decentralized finance (DeFi) sector is coming off a slump compared to the rest of the crypto markets.
“The AAVE token has performed poorly and is barely up 2x since the start of 2021. Just about every DeFi token has been struggling to keep up with the rest of the crypto market since it crashed in May last year.
This seems to be because the hype has moved into NFTs [non-fungible tokens]. This is something that [AAVE founder and CEO] Stani Kulechov acknowledged in an October panel