Exclusive correlation between new DeFi solutions and established financial services like loans and transactions is a common feature of several of these developments. The DeFi solution, of which Aave is an illustrious instance, is designed to facilitate consumers’ access to and acquisition of encrypted resources in the absence of middlemen.

<a href="https://ambcrypto.com/what-does-aaves-growth-on-arbitrum-mean-for-the-current-state-of-l2s/">Aave’s [AAVE] performance</a> this week indicated a continuation of the bearish trend that started last week. So far, the coin has failed to secure enough buying pressure to recover November losses. But it is not all doom and gloom, now that ETH whales have increased their demand.

Leading cryptocurrency protocol <a href="https://ambcrypto.com/predictions/aave-price-prediction">Aave [AAVE]</a> recently <a href="https://governance.aave.com/t/arc-add-wsteth-to-aave-v3-on-optimism/10932" target="_blank">introduced</a> a new proposal detailing the addition of Lido’s wrapped stETH, wstETH, to its V3 deployment on layer 2 network (L2) Optimism.&nbsp;

Software development company Aave Companies today announced the acquisition of Sonar, a San Francisco-based metaverse developer where players can build worlds and interact with user-created spaces using non-fungible tokens (<a href="https://decrypt.co/resources/non-fungible-tokens-nfts-explained-guide-learn-blockchain" target="_blank">NFTs</a>).

According to new data by <a href="https://twitter.com/DuneAnalytics/status/1598721835822202880?t=fKQfG0e0OcMYmRofuZGL-w&amp;s=08" target="_blank">Dune Analytics</a>, <a href="https://ambcrypto.com/?s=aave">Aave</a> showed significant growth over the last few quarters. This was because the number of Aave users witnessed an increase. However, in terms of volume, <a href="https://ambcrypto.com/compound-tightens-its-rules-to-prevent-aave-like-exploit-details-inside/">the protocol</a> lagged behind <a href="https://ambcrypto.com/?s=makerdao">MakerDAO</a>, which had dominated the market thus far.&nbsp;

Stani.lens (<a href="https://twitter.com/AaveAave/status/1599063719694123014">@StaniKulechov</a>) Founder of <a href="https://twitter.com/LensProtocol">@LensProtocol</a> and <a href="https://twitter.com/AaveAave">@AaveAave</a>&nbsp;on Twitter: "Now that the <a href="https://twitter.com/AaveAave">@AaveAave</a> Community is preparing for Aave Protocol V3 deployment for Ethereum market its good time to review why V3 as a flexible architecture is much appreciated ."

Derivatives marketplace Chicago Mercantile Exchange (CME) and cryptocurrency index provider CF Benchmarks this month will introduce reference rates and real-time indices for aave (<a href="https://www.coindesk.com/price/aave/" target="_blank">AAVE</a>), curve (<a href="https://www.coindesk.com/price/curve-dao-token/" target="_blank">CRV</a>) and aynthetix (<a href="https://www.coindesk.com/price/synthetix/" target="_blank">SNX</a>), the two <a href="https://www.prnewswire.com/news-releases/cme-group-and-cf-benchmarks-to-launch-three-new-defi-reference-rates-and-real-time-indices-on-december-19-301691384.html" target="_blank">said</a> in Thursday.

Aave executed a proposal to freeze the markets for 17 different assets in the Aave V2 lending pool on the Ethereum network, including the Yearn. Finance (YFI), Curve DAO (CRV), Gemini Dollar (GUSD), Maker (MKR), and 1inch (1INCH) tokens.

Aave’s governance community has passed a proposal to freeze lending markets for 17 Ethereum-based tokens on Aave’s v2 protocol.

Decentralized lending protocol Aave has temporarily frozen lending markets for 17 tokens in an effort to protect itself from taking on bad debt due to future market manipulation attacks.&nbsp;