- Aave’s total value locked has climbed to a record $30 billion, marking a 57% increase since the beginning of the year.
- Monthly protocol revenue rose from $30 million in April to $48 million in June, reflecting strong platform engagement.
- The upcoming Aave V4 upgrade introduces cross-chain lending and unified liquidity, supporting long-term protocol sustainability.
Aave has continued its upward trend, gaining 6% over the past 24 hours and 18% over the last 30 days. The asset is now priced at $329, maintaining strength above key moving averages and closing in on a resistance level near $330. This performance places the token at nearly half of its all-time high of $661 recorded in 2021.
The decentralized finance platform has seen a surge in user activity, with data from DefiLlama confirming that Aave’s total value locked has now exceeded $30 billion for the first time. This reflects a 57% increase from the $19 billion TVL recorded at the beginning of 2025.
The sharp rise in deposits has been linked to both market sentiment and structural updates across the protocol.
Revenue and Fee Metrics Show Continued Uptick
Revenue growth has remained consistent alongside protocol usage. Monthly fees rose from $30 million in April to $48 million in June. Total fees collected since inception have now crossed $1.4 billion as of July 16. The protocol’s improving fundamentals are providing further support to the price movement.
Momentum has also been fueled by the announcement of Aave V4. Founder Stani Kulechov introduced the next major version during the Ethereum Community Conference on June 30. The upgrade will feature a unified liquidity layer, support for cross-chain lending, dynamic risk controls, and deeper integration with the GHO stablecoin.
Market Indicators Signal Momentum with Caution
From a technical standpoint, AAVE continues to trade above the 10-day and 20-day EMAs at $308 and $294, respectively. The asset is positioned near the upper Bollinger Band at $331, suggesting sustained strength. The relative strength index currently stands at 68.7, nearing overbought territory.
Outlook Hinges on Breakout and Adoption
Although momentum indicators are already cooling, the MACD is positive. The break could cause some slight consolidation at its levels of $306 or $288. A strong move above $330, however, might open the way toward a further movement up to the level of $350, particularly in the case of an intensification of adoption of the V4 upgrade and a further growth of protocol revenue.
