"There has been speculation that AAVE could activate their 'fee switch' to redistribute excess revenue generated by the platform to stakers. This follows a proposal aimed at seeking governance feedback on the protocol's potential to buy back tokens using surplus revenue and redistribute them to AAVE stakers and the minters of their stablecoin, GHO," Joshua de Vos, research lead at London-based digital assets data and index provider CCData, told CoinDesk.
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"There has been speculation that AAVE could activate their 'fee switch' to redistribute excess revenue generated by the platform to stakers. This follows a proposal aimed at seeking governance feedback on the protocol's potential to buy back tokens using surplus revenue and redistribute them to AAVE stakers and the minters of their stablecoin, GHO," Joshua de Vos, research lead at London-based digital assets data and index provider CCData, told CoinDesk.
According to a report by CCData, Stablecoin trading volumes fell 8.35% to $795 billion in July due to lower trading activity on centralized exchanges.
On higher-volume exchanges including Binance and Bybit, coin listings are cumulatively up 11.6% to 2,066 in the first six months of the year, according an analysis of select exchanges that CCData conducted for Bloomberg. Among a handful of lower-volume exchanges including CoinJar and BTC Markets, listings are up nearly 32% to 488, the researcher found.
The dollar sum of outstanding bitcoin derivative contracts on centralized exchanges reached $37 billion at the start of August, tripling from a year earlier, according to CCData. The market mayhem on Aug. 5 pushed that total down to $28 billion.
Order books on U.S. exchanges offer more liquidity than their offshore counterparts, according to CCData.
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