TLDR

AAVE price has risen 11% in the past week, trading around $255-$260
Total Value Locked (TVL) has reached $24-25 billion, representing 20% of total DeFi TVL
AAVE V3 protocol launched on Aptos on May 19, marking its first non-EVM blockchain integration
Trading volume surged 90% to $1.84 billion following the Aptos announcement
Technical indicators show AAVE trading above key moving averages with a bullish MACD

AAVE has seen remarkable price growth over recent weeks as DeFi activity surges across the crypto ecosystem. The token is currently trading between $255-$260, representing an 11% increase over the past week and an impressive 80% gain over the last 30 days.

The price surge comes as part of a broader recovery in the DeFi sector, with Ethereum up 60% over the same period. This upward momentum reflects growing investor confidence in decentralized finance platforms.

Aave
AAVE Price

In the last 24 hours, AAVE has experienced a minor correction of 3-5%, suggesting some profit-taking after the recent gains. Despite this small pullback, the overall trend remains strongly positive.

One of the main drivers behind AAVE’s price increase is the explosive growth in its Total Value Locked (TVL). According to DeFiLlama, AAVE’s TVL now stands at approximately $24-25 billion, making it the largest single DeFi protocol by this metric.

On-chain data shows AAVE’s TVL has increased about 3.6 times since January 2024, growing from $6.6 billion to nearly $24 billion. During this same period, the total DeFi TVL doubled from $56 billion to $115 billion.

Platform Expansion

AAVE’s market share within the DeFi ecosystem has grown from 11% to 20% in less than 18 months. This increase highlights the growing adoption of AAVE’s lending markets across Ethereum and various Layer-2 networks.

A key catalyst for recent growth was the May 19 deployment of AAVE’s V3 protocol on the Aptos blockchain. This launch represents AAVE’s first expansion beyond Ethereum Virtual Machine (EVM) compatible chains, opening up new markets for the protocol.

The Aptos integration appears to have sparked renewed interest from traders and users. Derivatives data shows a 42% jump in AAVE open interest to $576 million immediately following the announcement.

Trading volume likewise surged to $1.84 billion during the rally, representing a 90% increase. These metrics suggest many traders are rotating into AAVE following the Aptos integration.

Beyond new blockchain integrations, AAVE is also expanding its asset offerings. The team is currently discussing new collateral types, including Uniswap V4 LP tokens and the BNB-based Soneium token.

These potential additions would allow users to borrow against liquidity positions from Uniswap v4 pools and assets from the Binance ecosystem, further enhancing the protocol’s utility and appeal.

AAVE’s network is seeing incredible activity on the borrowing side as well. The protocol recently recorded over $10 billion in active loans, demonstrating real-world utility and growing demand for DeFi lending services.

Higher trading activity generates more fees, which directly benefit protocol revenue. These increased daily fees reward stakers and token holders, enhancing AAVE’s fundamental appeal among investors.

The post Aave (AAVE) Price: Can the Rally Continue After 80% Monthly Gain? appeared first on CoinCentral.

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Filed under: News - @ May 22, 2025 7:29 am