AAVE Surges 9.4% as CoinDesk 20 Rallies: Crypto Market Defies Gravity (Again)

Crypto bulls are back in charge—at least for today. The CoinDesk 20 index paints a sea of green, with AAVE leading the charge at a blistering 9.4% gain. No assets left behind—even the laggards caught a bid.

DeFi darling outshines the pack

AAVE’s double-digit pop suggests institutional money might finally be warming to DeFi’s promise—or maybe just chasing yield like tourists at a crypto buffet. Either way, the lending protocol’s token is eating Bitcoin’s dust in year-to-date performance.

The everything pump

Today’s broad-based rally smells suspiciously like macro-driven FOMO. Traders pile into risk assets after the Fed hints at rate cuts—film at 11. Crypto’s correlation with traditional markets? Still uncomfortably high for the ‘decentralized’ crowd.

Closing thought: Another day, another crypto rally built on hopium and cheap liquidity. Will this one stick—or just set up the next rug pull? Place your bets.

Leaders: AAVE (+9.4%) and UNI (+6.5%).

Laggards: LTC (+0.3%) and BTC (+0.9%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.