Naval Ravikant, a prominent Silicon Valley angel investor, wrote in an X post: "The world's transition to a decentralised financial system will take time. We are currently less than 5 per cent of our target in terms of market capitalisation."
Silicon Valley angel investor Naval Ravikant said at X that cryptocurrency is the currency of AI. Naval is a well-known angel investor in Silicon Valley. He has invested in well-known technology companies such as Twitter and Uber. He is also a successful entrepreneur. He founded the equity crowdfunding platform AngelList and published the famous book "Naval Book".
The founder of Aavechan Initiative stated on social media that Aave's vault "cash" (Eth and stablecoin) is currently $50 million (2.5 years of operating costs), and DAO net profit is currently $50 million per year, which is continuously growing. A temporary check will be conducted next week to activate the fee conversion.