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SEC Ends Aave Investigation, Founder Unveils Long-Term Growth Plan
SEC Closes Investigation Into Aave
- The SEC concluded a nearly four-year investigation into the DeFi protocol Aave without enforcement action.
- Aave was informed on August 15 that no legal action would be recommended.
- The investigation started under a stricter regulatory environment for digital assets.
- Aave maintained regular communication with regulators, eliminating legal uncertainties.
Aave’s Long-Term Roadmap
- Aave plans to expand through three main initiatives: Aave V4, Horizon, and the Aave App.
- Aave V4 involves a complete redesign to unify liquidity across networks.
- Horizon focuses on regulated lending, launched earlier this year.
- The Aave App aims to simplify DeFi access for everyday users.
- The platform has processed over $3.33 trillion in deposits and issued close to $1 trillion in loans.
- This year, Aave generated around $885 million in fees and holds about 59% of the DeFi lending market.
AAVE Price Analysis
- AAVE's price declined by approximately 2%, with trading volume dropping by 28%.
- The token is below a resistance zone near the upper Bollinger Band at $360.
- Key support is noted between $135 and $150, crucial for stabilizing prices.
- To signal recovery, AAVE needs to surpass the $250-$280 range and move above $360.
