December ETH Price Prediction · Posting Challenge 📈
With rate-cut expectations heating up in December, ETH sentiment turns bullish again.
We’re opening a prediction challenge — Spot the trend · Call the market · Win rewards 💰
Reward 🎁:
From all correct predictions, 5 winners will be randomly selected — 10 USDT each
Deadline 📅: December 11, 12:00 (UTC+8)
How to join ✍️:
Post your ETH price prediction on Gate Square, clearly stating a price range
(e.g. $3,200–$3,400, range must be < $200) and include the hashtag #ETHDecPrediction
Post Examples 👇
Example ①: #ETHDecPrediction Range: $3,150–
Aave DAO is considering scaling back its "multi-chain strategy" and gradually phasing out zkSync, Metis, and Soneium instances.
Golden Finance reported, “Aave currently maintains multiple V3 instances, each of which incurs operational costs and has risk exposure. It is believed that the revenue generated by several of these instances is insufficient to offset the associated costs and risks,” a representative from the Aave Chan Initiative stated during the “Temp Check” in late November. Although this has not yet entered the formal governance process, this heated discussion may indicate a strategic shift for the largest decentralized lending protocol, which has historically adhered to the principle of “maximizing coverage” in its deployment of new blockchains. Aave was launched in 2018 and is currently the largest decentralized lending protocol in the world. According to data from The Block, its outstanding debt on the Ethereum network accounts for over 81%. The project is currently deployed on at least 18 blockchains, including numerous Ethereum Layer 2 networks, as well as alternative Layer 1 networks such as Aptos and Sonic. Now, as the main representative platform of Aave DAO, the Aave Chan Initiative (ACI) seems to intend to scale back some of this expansion and set stricter requirements for future deployments.