Key control
AAVE orders 51% Defi Landing TVL, generating $ 3 million+ in daily rates, pointing to strong network effects and token utility.
Activity in the Aave chain [AAVE] Underline its defi expansion.
Since it broke $ 22 billion in December, the AVE TVL has doubled, reaching a historical maximum of $ 40 billion at the end of August. For a loan protocol, this TVL increase indicates strong capital entries and a solid traction in the network.
In fact, in all loan protocols, combined TVL is $ 78.5 billion, which means that AVE represents approximately 51% of the market, highlighting its domain in the defi loan space.
Source: Defillama
Why does this matter? Deeper TVL means more liquidity for borrowers and lenders, softer execution and lower sliding. That translates into higher protocol rates, increasing the tokens economy.
By supporting this, Aave obtained $ 3 million in rates in the last 24 hours, surpassing all other protocols for combined loans.
All this highlights the strong Aave network effects. At a macro level, it is cemented as the “IR” loan protocol, highlighting a key milestone as modern finances move from traditional systems to Defi.
The fundamentals of long -term rise to the rise
Aave protocol growth continues to support tokens utility and demand.
Amid broader risk flows, AAVE closed August +20.96% of its $ 260 base, claiming $ 300 for the first time from the first quarter. An impulse beyond $ 400 would place the Token again near the 2021 levels, indicating a renewed resistance.
On the side of the numbers, things look solid. Network rates increased 39% from QOQ to $ 178 million and revenues increased 51% to $ 28.3 million, which makes this fattest quarter of this to the Q4.
Source: Tokens terminal
In summary, the usefulness of the token is shown in the numbers.
Its solid foundations are moving together with the price action. As a result, the market seems to be reaching the network, highlighting the health and long -term resistance of the protocol.
In addition, as a protocol and a token, Aave remains at the forefront of the defi transition, which makes its price of $ 300 an attractive entry for upward potential.