Bitwise CIO Matt Hougan Calls Aave's $30M Yearly Burn Central to Token Value
- —Hougan cited Aave's $30M annual burn as the core value argument for AAVE
- —Bitwise's thesis: the market is repricing tokens based on protocol revenue
- —Aave was the lead example in the Bitwise research note
Why it matters: If the market starts valuing tokens on revenue and buybacks, demand could shift toward DeFi protocols with real cash flow.
Source: Coinotag