Yesterday, the decentralized lending protocol Aave announced the release of a V1 to V2 migration tool.

Surging volume, demand for flash loans, and a strong rally in DeFi tokens drove AAVE price to a new all-time high today.

In the past 24 hours, the crypto market has risen slightly. Bitcoin has fluctuated around $32,000, and Ethereum has risen 11.21% with the highest price reaching $1377.35. DeFi tokens Aave and Uniswap both rose more than 20%.

There is a decreasing trend for 4 consecutive days in the crypto community, and the price of Bitcoin has fallen from a maximum of $41,900 to $30,408, a drop of nearly 27%. The scale of the cryptocurrency market has shrunk extremely, from $1.1 trillion to $850.3 billion, and now it has rebounded to around $940 billion.

AAVE enjoyed a double-digit rally in price with its rising total value locked, improving fundamentals, and renewed interest in DeFi tokens.

After a few weeks, the popularity of DeFi seems to be back.

Aave - a lending decentralized finance protocol - has just released its biggest update yet: v2 (version 2.0).

Bitcoin showed a great uptrend in price charts, meanwhile, DeFi tokens are not willing to lag behind with its adding TVL in both BTC and ETH.

As the total value locked rose to a new high, the DeFi protocol began to flourish again.

The core developers of Aave have handed over management rights to AAVE token holders so that the community can control the future of the protocol.