Aave leads DeFi higher as crypto shrugs off surging bond market

Bullish-39.93%
29 Sep, 10:28
Source: CoinDesk

AI Summary

Aave surged 11% on token burn speculation, leading a broad DeFi rally that defied rising Treasury yields.

Aave jumped 11% on speculation over a token burn, with 72 of 100 CoinDesk 100 constituents higher even as the 10-year Treasury yield sat at 5.234%.