Kraken eyeing a 15% stake in $AAVE at $385M valuation
That puts Aave Labs (the company) at ~$2.5B — while $AAVE token sits at $1.2B mcap
If this closes, it's a rare CEX backing a DeFi protocol directly. Bullish signal for $AAVE utility and legitimacy
Watch for:
• Token unlock pressure vs institutional inflows
• Kraken potentially integrating Aave lending into their platform
• DeFi narrative heating up again
Not financial advice but this is the kind of structural alpha that moves markets
That puts Aave Labs (the company) at ~$2.5B — while $AAVE token sits at $1.2B mcap
If this closes, it's a rare CEX backing a DeFi protocol directly. Bullish signal for $AAVE utility and legitimacy
Watch for:
• Token unlock pressure vs institutional inflows
• Kraken potentially integrating Aave lending into their platform
• DeFi narrative heating up again
Not financial advice but this is the kind of structural alpha that moves markets