According to recent reports from COINOTAG, DeFiance Capital’s founder and CIO, @Arthur_0x, highlighted that multiple metrics for the Aave protocol have reached unprecedented levels. Despite this positive momentum, the current price of AAVE remains at merely 50% of its all-time high (ATH). Notably, the total supply of stablecoins has surged since 2021, signaling a robust foundation for the decentralized finance (DeFi) sector and propelling AAVE’s pricing potential. DeFiLlama data indicates that Aave’s total value locked (TVL) has surpassed record levels seen during the bullish market of October 2021, now standing at an impressive $38.6 billion. The annual revenue for the protocol is projected at $117 million. Current trading statistics from CoinGecko show AAVE priced at $355, reflecting a 28.7% increase within 24 hours and an impressive 283.6% growth over the past year. However, AAVE still requires an 86.2% uptick to match its previous peak value of $661.69, while its market capitalization of $5.327 billion needs to rise by 49.3% to reach its historic high of $7.953 billion.
Source: https://en.coinotag.com/breakingnews/aave-surges-28-7-in-24-hours-analyzing-new-highs-and-future-potential-for-the-defi-protocol/