SOL rebounds above $200, Aave deposits hit $33.4B record: Finance Redefined
In early 2025, Solana's price surged above $200, rebounding from a dip to $189, following a $55 million transfer from Pump.fun to Kraken. Investor enthusiasm in the crypto market is rising, partly due to anticipation surrounding President-elect Donald Trump's inauguration. Aave's net deposits reached $33.4 billion, surpassing 2021 levels, with plans for new market additions pending community approval. Solana onboarded $1 billion in stablecoins in December, primarily USD Coin (USDC), bringing its total stablecoin value locked to approximately $5 billion. Pump.fun's revenue neared $400 million despite a memecoin market downturn. A California man is suing three Asian banks for failing to prevent a $1 million crypto fraud linked to a pig butchering scam. Most of the top 100 cryptocurrencies ended the week positively, with notable gains from DeXe and SPX6900 tokens.
