AAVE fell by 8% due to the decline in cryptocurrency markets.

AAVE has attracted attention this week as it declined from 248 dollars to below 210 dollars. The general weakness in the cryptocurrency markets negatively impacted the AAVE price.

The important support level of 211 dollars was broken down. Consecutively forming lower highs confirmed that the market is in a downward trend.

On the other hand, AAVE's protocol, the Horizon arm for lending real-world assets to institutions, has reached 450 million dollars in just two months since its launch.