Aave leads DeFi higher as crypto shrugs off surging bond market
Why now
Thesis: Crypto strength persists despite high yields
Catalyst to watch: Confirmation of Aave token burn
Main risk: Yield spike could still drag crypto down
Why it matters
DeFi tokens rallied on token-burn speculation even as a 5.23% 10-year yield pressures risk assets, showing crypto decoupling for now.
Details
Aave jumped 11% on speculation over a token burn, with 72 of 100 CoinDesk 100 constituents higher even as the 10-year Treasury yield sat at 5.234%.
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- coindesk · 2026-09-29 10:28 UTC