Kategorie: Crypto News

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AAVE daily fees skyrocket 200%, signaling lending market recovery

  • Aave’s daily fees increased by around 200% within the last three months.
  • They hit multi-month peaks of over $3 million per day, indicating intensified borrowing.
  • The surge reflects reinvigorated DeFi lending interest.

Aave continues to dominate the DeFi lending market, this time attracting attention with serious figures.

CoinGecko data shows daily fees on the blockchain have increased by more than 200% since May.

That signals amplified on-chain activity and soaring demand for decentralised liquidity.

Most importantly, the statistics signal DeFi borrowing resurgences.

The chart shows AAVE’s 24-hour fees were below $1.2 million in early May.

It had surpassed 43 million as of the end of July, printing multi-month highs.

Revenue saw a modest gain (still below $500K) compared to collected fees, but the increase reflected enriched platform profitability.

Furthermore, the chart reflects significant dips and spikes in fee activity, which indicates healthy volatility.

Such fluctuations suggest an active lending market with healthy utilisation, and not instability.

Meanwhile, daily fees are the revenue engine for Aave.

The prevailing trend signals emerging resurgences for the protocol that saw flattened activity early in the year.

What’s driving Aave fees?

Borrowing demand is at the centre of the surging daily fees in the ecosystem.

Individuals pay interest whenever they borrow on Aave, and these payments account for the highest portion of the daily fees.

Fee income increases when more users take loans, possibly to chase price actions or leverage yield opportunities.

Also, the latest integrations have propelled fees.

For instance, users have deployed more than $60 million into yield-generating opportunities via MetaMask’s Aave-powered Stablecoin Earn feature.

Such streamlined plug-ins make it smooth for retailers to access lending markets, enriching demand for AAVE’s liquidity pools.

Moreover, the latest stable Ethereum price actions have encouraged users to (directly) interact with dApps again.

ETH has performed well over the past few sessions, even driving the “altcoin season” narrative.

Fees and protocol activity have surged as participants borrow assets, including stablecoins, from Aave.

AAVE price outlook

The native token reflected the increase in on-chain activity with notable gains.

It has gained approximately 60% since May 1 to press time levels of $263.

That makes it one of the top-performing DeFi assets this cycle – a notable feat, as meme coins, L2s, and centralized narratives dominate the trends.

Meanwhile, the rising fees will possibly boost revenue in the upcoming sessions.

That would bolster sentiments around Aave and its native coin.

Continued borrowing activities will likely help the protocol cement its status in the DeFi lending landscape, which would bolster AAVE’s utility and price gains.

Analyst CW predicts short-term recoveries for the altcoin.

He highlighted that AAVE’s nearest resistance zone is at $325, a nearly 25% increase from the market price.

Also, experts remain optimistic about AAVE’s performance.

For example, the BitMEX co-founder recently purchased significant amounts of the token via over-the-counter.

The post AAVE daily fees skyrocket 200%, signaling lending market recovery appeared first on CoinJournal.

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Mantle price outlook as MNT gains momentum with 20% spike

  • Mantle is up 20% in 24 hours amid overall altcoin rcovery.
  • The MNT token reached highs of $0.91 on Tuesday and could break to $1 and eye the all-time high of $1.51.
  • Ecosystem growth buoys overall bullish momentum.

Mantle (MNT) price has surged more than 20% in the past 24 hours, jumping from lows of $0.72 to $0.91.

This uptick aligns with other altcoins’ bounces over the past day, with likes of Litecoin and Pump.fun among top gainers in the largest 100 coins by market cap.

Notable gains for Mantle have come amid a 280% surge in daily volume to $622 million, while its market cap has increased to $2.96 billion.

Mantle pumps 20% as altcoins bounce

As noted, Mantle’s price surge coincides with a pump in the broader altcoin market.

A lot of the upside momentum has come after last week’s sell-off, with an announcement from the Commodity Futures Trading Commission buoying investors.

MNT price has also benefited from a robust network, which boasts a significant increase in stablecoin market cap to $653 million.

The total value locked in DeFi on the protocol has also jumped to $233 million, largely helped in recent weeks by a surge in activity around its ecosystem.

Also worth noting is Mantle’s contribution of 101,867 ETH worth over $388 million to the Strategic ETH Reserve.

Institutional inflows through initiatives like the Mantle Index Four and innovative products such as mETH Protocol for liquid staking add further upside fuel. Lookonchain highlights these in the X post below.

Mantle’s strong market momentum has MNT trading towards the psychological $1 mark. The last time bulls hovered at or above this level was in February 2025.

Is Mantle price poised for a breakout to a new all-time high?

Mantle’s price trajectory has bulls eyeing fresh bids above $1, and analysts say a breakout above this level could catapult MNT past its all-time high of $1.51. The altcoin reached this milestone on April 8, 2024.

On the daily chart, technical indicators provide bullish signals. The Relative Strength Index (RSI) stands at 66 and upsloping to indicate potential upside continuation before hitting the overbought zone.

Mantle price chart by TradingView

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator suggests a bullish crossover. Per the chart above, the MACD line is looking to cut above the signal line, highlighting a potential short-term bullish momentum.

Mantle is also trading near the upper Bollinger Band at $0.87 with price above the middle line and with likely support at the lower band of $0.68.

A decisive break above the upper resistance could signal a bullish flip, allowing buyers to extend gains past $1 to the $1.40 region.

A confirmation of an upbeat sentiment from other catalysts will help this bullish trend. The downside however could make $0.68 a key level to watch. Major support also lies near $0.55.

The post Mantle price outlook as MNT gains momentum with 20% spike appeared first on CoinJournal.

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Litecoin price prediction as LTC jumps 12% on bullish catalysts

  • Litecoin price is up 12% in 24 hours, hitting $127 as altcoins look to bounce back.
  • The LTC price could rally to $200 and target a new all-time.
  • Bullish catalysts include spot ETF anticipation, payments activity/adoption and treasury strategy moves.

Litecoin trades as one of the top gainers in the past 24 hours, with the altcoin boasting a 12% spike as price hovers near $126. Gains see weekly uptick extended and LTC up by more than 47% in the past month.

Amid a confluence of bullish catalysts, can Litecoin price jump to its year-to-date highs near $140 and target multi-year peaks above $200?

Litecoin jumps 12% amid notable bullish momentum

Litecoin’s double-digit uptick, which pushed price from lows of $111 to above $127 at the time of writing, comes as the broader crypto market seeks a fresh leg up.

On Tuesday, Aug. 5, the total market cap was up 1% to $3.74 trillion, with this following Monday’s resilient performance across stocks and crypto. Most top altcoins including Ethereum, XRP and Solana are in the green, with latest regulatory developments adding to the prevailing crypto sentiment to suggest more gains are likely in the short term.

For LTC, the outlook gets a further bullish impetus from a range of factors. It includes overall anticipation of a spot Litecoin exchange-traded fund (ETF) approval, increased use as a payment currency and significant institutional interest amid treasury strategy moves.

Recently, Bloomberg analysts put a 95% probability on a spot LTC ETF approval in 2025, and regulatory developments suggest this outlook remains.

Meanwhile, bullish projections for Litecoin are gaining traction amid institutional interest, with MEI Pharma’s $100 million Litecoin treasury strategy a major corporate allocation already. Also fueling price gains is Litecoin’s growing use in remittances and payments.

What next for LTC price?

Litecoin’s price gains may see profit taking kick in and derail buyers, particularly given the surge to a five month high for LTC.

LTC chart by TradingView

However, the altcoin has broken above a symmetrical triangle on the weekly chart, signaling potential upside continuation. This breakout above the triangle’s upper resistance means bulls may want to target the supply wall around $200.

Notably, the Moving Average Convergence Divergence (MACD) has a bullish crossover, aiding the outlook for upward momentum. The Relative Strength Index (RSI) also ticks above 64, indicating room for more gains before hitting overbought conditions.

If buying pressure continues, bulls may eye $200 and higher in the short term. However, if it fades, a short-term pullback to the $110–$101 support zone may ensue. This LTC price outlook nonetheless depends on overall bullish conditions.

The post Litecoin price prediction as LTC jumps 12% on bullish catalysts appeared first on CoinJournal.

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Bitcoin fails to stay above $115k despite ETF inflow returning

Key takeaways

  • BTC has dropped to the $114,500 region after breaking above $115k earlier.
  • The coin could decline towards $113k if bullish momentum fades.

Bitcoin ETF inflow returns, but price remains stagnant

Bitcoin, the leading cryptocurrency by market cap, is up less than 1% in the last 24 hours despite positive macroeconomic factors. At press tim,e BTC is trading around $114,500 after failing to hold price above $115k.

The current price action comes after stabilization in institutional flows, with Bitwise reporting $18.74 million in net inflows, a potential reversal after one of the largest ETF outflow days on record last week.

If ETF inflows continue and implied volatility begins to compress, BTC could rally higher, allowing the cryptocurrency to reclaim its previous levels around $118. 

BTC could retest $113k before rallying higher

The BTC/USD 4-hour chart is bearish and efficient as Bitcoin has been underperforming over the past few days. The technical indicators remain stagnant as the market continues to consolidate.

The Relative Strength Index of 49 shows that the bearish trend could be fading as it approaches the neutral zone. The MACD lines are also within the neutral zone, suggesting a consolidating market. 

BTC/USD 4H Chart

Bitcoin’s rally is sustainable once the RSI crosses and stays above 50. If the market conditions improve, BTC could rally towards the TLQ at $116k. Surpassing this resistance level would allow BTC to retest the major resistance zone at $120k over the coming hours or days.

However, the market conditions remain unclear, and Bitcoin could undergo a correction. If that happens, the bulls might be prompted to defend the major support level around $112k. Failure to hold this support level would see Bitcoin trade below $110k for the first time since July 9. 

Currently, the market conditions are stable, with no clear bullish or bearish direction for traders.

The post Bitcoin fails to stay above $115k despite ETF inflow returning appeared first on CoinJournal.

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XRP steadies above $3, targets $3.3; Check forecast

Key takeaways

  • XRP is up 1% in the last 24 hours, maintaining its value above $3.
  • The coin could rally towards $3.3 soon as market conditions turn bullish.

XRP maintains price above $3

The cryptocurrency market has been volatile over the past 24 hours, with mixed performances recorded for most cryptocurrencies. XRP, Ripple’s native coin, has maintained its price above the $3 mark after adding 1% to its value in the last 24 hours. 

This latest development comes as investors look forward to next week’s legal update regarding the Ripple and SEC case. Legal expert Bill Morgan revealed that the regulator is expected to update the appellate court by August 15, 2025. However, the SEC is not required to take formal action.

The update from the SEC could involve a withdrawal, a request for more time, or another procedural move. Traders are looking forward to this update and could determine XRP’s performance in the near term. 

Analysts remain confident that XRP’s price could rally towards the $5-$6 region in the coming weeks and months amid growing institutional and retail adoption.

XRP could top $3.3 soon

The XRP/USD 4-hour chart remains bearish as XRP has failed to take out its recent high of $3.66. However, the technical indicators are switching bullish, suggesting that the coin could rally higher soon.

The RSI of 56 shows a growing bullish sentiment, while the MACD lines have crossed into the positive zone. XRP has established strong support at $2.99, and this could serve as the springboard to push its price higher.

XRP/USD 4H Chart

If the bullish trend continues, XRP could surge towards the first major resistance at $3.3, which is also a TLQ level. An extended bullish run would allow XRP to fill the 4H FVG at $3.4 and target the recent high of $3.66.

However, if the market faces a correction, XRP could retest the $2.99 support zone once again. Failure to hold this support level would allow XRP to $2.67 for the first time in three weeks.

The post XRP steadies above $3, targets $3.3; Check forecast appeared first on CoinJournal.