Defi Giant Aave Rakes in $6M in Revenue as Crypto Market Plunges
Defi Giant Aave Rakes in $6M in Revenue as Crypto Market Plunges coindesk.com 05 August 2024 10:18, UTC $350 million worth of DeFi positions were liquidated during the market sell-off. Aave secured $6 million in revenue from processing on-chain liquidations. One $7.4 million WETH position was liquidated, providing Aave with $802,000 in revenue. The…