The altcoin market has rebounded significantly since last weekend, with interest rates for borrowing USD stablecoins such as USDC and Tether on the Aave platform soaring to over 10%.
Aave is the largest lender among DeFi projects, allowing peer-to-peer cryptocurrency trading without middlemen.
Higher interest rates mean more traders are willing to pay to borrow stablecoins, suggesting they are increasing their crypto bets.