Bitget Research Institute: AAVE Leads DeFi Sector as Mainstream Coin Volatility Recovers Market May Be About to Change

Bitget Research Institute released a research report that yesterday, the U.S. Department of Labor announced that the labor market revised downward the number of new jobs 818,000, showing that the U.S. job market is obviously not as strong as the previous data showed, the market briefly rushed higher after the data release and then retreated.

In terms of ETFs, the Bitcoin ETF saw a net inflow of $39.5 million yesterday, which has lasted for 5 consecutive trading days, while the Ether ETF saw a net outflow of $18 million, which has lasted for 5 consecutive trading days.

On the track, the old DeFi sector of the crypto market exploded collectively yesterday, with AAVE, UNI and others leading the way. The main reason is that AAVE has hit new highs in all fundamental data, continues to be profitable, and is already working on a proposal to reform the economics of the AAVE token, hoping to introduce a revenue-sharing mechanism to enhance the token's utility.

For more information, please see the original report：https://www.bitget.com/zh-CN/news/detail/12560604168020