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Aave jumps 11% as DeFi gains while Treasurys steady
The move came as the 10-year Treasury yield held at 5.2% and 72 of 100 CoinDesk 100 constituents were higher.
Aave surged 11% on speculation about a potential token burn, helping push decentralized finance tokens higher, according to CoinDesk.
Even as crypto took cues from rates, the 10-year Treasury yield was around 5.234% when the rally was underway.
CoinDesk also noted that broad market breadth was positive, with 72 of 100 constituents in its CoinDesk 100 trading higher at the time.
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