Bitcoin steadied near $60,000 while Aave and Solana ecosystem tokens posted the strongest gains in the latest market session. Decentralized finance activity and tokenized stock trading on Solana drove the advance.
Bitcoin BTC traded around $59,910 on Friday after a sharp selloff earlier in the week. The largest gains came from Aave and Solana-linked assets.
Aave’s token rose 19 percent over the past 24 hours after CoinDesk reported that Kraken is exploring a strategic investment to acquire a 15 percent stake at a $385 million valuation. Founder Stani Kulechov said on X that all protocol revenue, currently running at an annualized $134 million, flows to the Aave DAO and benefits AAVE holders under the new framework. He also teased an upcoming “Aavenomics 3.0” overhaul that will introduce automated token buybacks.
Solana climbed nearly 10 percent as weekly volume in tokenized stock trading on its network reached $2.5 billion. The surge lifted related tokens including Jito, which gained 30 percent, along with Raydium, Meteora and Kamino Finance.
The CoinDesk 20 Index rose 0.4 percent to 1,595.41, with AAVE up 8.9 percent and SOL up 4.5 percent since Thursday.
