AAVE surged nearly 19% to $355.29, driven by its expansion onto the Aptos blockchain and comments from Federal Reserve Chair Jerome Powell, which indicated potential interest rate cuts. The protocol's unique model allows users to lend and borrow cryptocurrencies through smart contracts, enhancing the decentralization of finance. Aave's Aptos launch on August 21 marked a significant development as it was its first deployment on a non-EVM blockchain, employing the Move programming language for code adaptation. Additionally, Powell's remarks at the Jackson Hole Economic Policy Symposium suggested an increased likelihood of rate cuts, stirring positive sentiment across crypto markets. Analysts believe that Aave's stake in World Liberty Financial (WLFI), which is launching its own Aave V3 instance, may also be undervalued. This exposure to WLFI could effectively range around $1.9 billion based on its expected market cap, hinting at further potential for AAVE's growth as the market begins to reassess its value.

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