Aave is the #1 dApp by total value locked (excluding ETH validator ecosystem tools like Lido and Eigen).
And yet, it ranks just 66 by market cap, with $1.27B ($1.36 fully diluted).
This makes it the most undervalued of any token in the top 100 as a ratio of mCap/TVL.
And Aave is well positioned to continue to grow is TVL dominance. In 2023 they introduced a stablecoin, GHO, to compete with Maker’s Dai token in the collateralized stablecoin field. Aave can capitalize on Maker’s dysfunction. Maker’s main app is basically non-functional in the US, blocking IP addresses, and even scans for and blocks VPNs.
Heading into a bull market, Aave can eat Maker’s lunch.
I know most of you crypto bros prefer shitcoins with just a white paper and no real users. But for the rest of us, Aave today is one of the best opportunities the crypto industry has ever seen. And I say that as someone that told this sub to buy ETH @ $100
Full disclosure: I just bought a boat load of Aave cause the market is snoozing on this.
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