Crypto - Impressive 76% in the past 5 days

AAVE price has increased an impressive 76% in the past 5 days and has hit a new all time high of $520. Aave is now the second largest DeFi protocol by total value locked and has over $5 billion in TVL according to DeFiPulse.

This recent rally started on Jan. 28 when the platform announced the release of the AAVE v2 migration tool which allows users to easily migrate all account information, including staked tokens and borrowed positions, to the new updated protocol.

AAVE has enjoyed growing interest from institutional investors in 2021 with Grayscale filing for an AAVE trust and billionaire Mark Cuban revealing his investment in the DeFi lending protocol.