Chinese Entrepreneur: “This Altcoin is Not Getting the Credit It Deserves”

DeFiance Capital founder Arthur Cheong has made a bold statement regarding Aave, the leading decentralized finance (DeFi) lending protocol.

In a recent tweet, Arthur claimed that Aave is currently being severely overlooked by the market and has significant potential for future growth.

According to Arthur, Aave is the largest and most trusted on-chain lending protocol with $7.5 billion in active lending volume, five times that of its closest competitor. Despite these impressive numbers, Aave’s price-to-sales ratio is at its lowest point in three years, even as key metrics like quarterly revenue have surpassed their peaks during the 2021 bull run.

Arthur also highlighted several factors that contribute to Aave’s strong position in the DeFi space. He pointed to Aave’s solid security record, network effects, superior DAO governance, and multi-chain ecological strategy as key competitive advantages. Arthur also believes that the upcoming token economy update will increase the utility and value capture capabilities of AAVE tokens.

Looking ahead, Arthur cited the anticipated release of Aave V4, the introduction of cryptocurrency ETFs, and the expanding stablecoin market as catalysts for Aave’s growth. He concluded by noting that as Aave continues to expand its market share and improve its token economics, its true value will eventually be recognized by the market.

*This is not investment advice.