Aave token price ascends by 11% in a week, with the protocol's total value locked putting on a show of growth, reaching a whopping $115 billion.
AAVE Token Soars as DeFi Lending Protocol Expands to Aptos Blockchain
After a swift 80% increase over the past 30 days, AAVE, the native token of the leading decentralized finance (DeFi) lending protocol, is currently trading at around $255-260 as of May 21, 2025, marking a weekly growth of approximately 11%.
This significant price surge comes amid a broader DeFi recovery, with Ethereum gaining 60% during the same period.
The latest rally follows the deployment of Aave V3 on the Aptos blockchain, Aave's first foray onto a non-EVM network. Trading volume on the platform surged 90% to $1.84 billion immediately after the announcement, according to CoinGlass data.
Rising demand, amplified liquidity, and surging trading activity have pushed Aave's Total Value Locked (TVL) to an impressive $115 billion, making it the second-largest DeFi protocol by TVL, surpassing the 20% marker.
The Aptos integration, which utilizes the Move programming language, boasts faster transaction speeds, improved security, and real-time performance benefits. On-chain analytics reveal that Aave's TVL has increased nearly four times since January 2024, to $23.8 billion, with total DeFi TVL also doubling during this period to $115 billion.
The growth has attracted many traders and users, causing a 42% jump in Aave's open interest to $576 million, as indicated by CoinGlass derivatives data.
While prices dipped about 3-5% in the last 24 hours as investors locked in profits, AAVE is still trading above its main moving averages, remaining in a robust uptrend. Technical indicators display bullish momentum, with the RSI in the overbought territory and the MACD turning positive.
The 20-day SMA at $214 serves as near-term support, with $270 identified as the next resistance level. Breaking above $270-280 would further bolster the bullish sentiment.
Additionally, Aave plans to expand its asset menu by adding Uniswap V4 LP tokens and the BNB-based Soneium token, allowing for borrowing against liquidity positions from Uniswap v4 pools and the Binance ecosystem, enhancing the protocol's utility.
As of May 21, 2025, AAVE is trading at $251, down 5% following a brief price correction. Despite this dip, the token shows strong momentum and room for further growth, positioning Aave as a promising player in the evolving DeFi landscape.
Investing in AAVE, the native token of the decentralized finance (DeFi) lending protocol Aave, is attracting interest due to its technology-driven expansion. The Aptos blockchain integration has boosted the protocol's TVL to an impressive $115 billion, positioning it as a significant player in the DeFi finance landscape, leveraging Move programming language for faster transaction speeds, improved security, and real-time performance benefits.
