Ethereum and AAVE Smart Contract Usage Spikes by 100%

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Ethereum and $AAVE networks face increase in smart contract interaction as the market remains in fear

The increased number of interactions between networks and whales is most likely tied to increased volatility on DeFi-related networks after the shake-out caused by the departure of Andre Cronje and a couple of other developers from the space.

Tokens like FTM also showed an increase in the total number of interactions with smart contracts, besides an impressive buying spree from whales. The price of the token has not yet reacted to the positive market and on-chain background. Ethereum and YFI also remain in a sharp downtrend and are losing the major part of their value in recent months due to risk-off on both cryptocurrency and financial markets‌.

 

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