AAVE Price News: Rallies 14% as Bybit, Mantle Integration Connects DeFi Lender to 70M Users
AAVE surged 14% following its integration with Mantle, connecting the DeFi lender to Bybit's 70 million user base.Summary
Aave's native token, AAVE, surged 14% to $188, outperforming the broader crypto market, driven by a strong breakout above the $175 resistance level on spiking volume. This rally was significantly boosted by the news that Aave is expanding to Mantle (MNT), an Ethereum layer-2 scaling network closely linked to the Bybit exchange's 70 million users. This integration aims to bring transparent, on-chain finance to a much wider audience by connecting centralized exchange liquidity with decentralized lending markets. Technical analysis suggests immediate support at $183.80, with the next upside target set at the $190 psychological level. Stani Kulechov, founder of Aave Labs, emphasized that this move makes Aave's lending markets accessible at a global scale for institutions.
(Source：CoinDesk)