AAVE jumps 13% to $93 as protocol revenue hits $134 million

AAVE rallied more than 13% over the past 24 hours to trade at $93.32, as investors responded to fresh details about the protocol's tokenomics overhaul and a plan to tap the $4.6 trillion securities lending market.

"One hundred percent of Aave Protocol and GHO revenue belongs to the AAVE token," Stani Kulechov, founder of Aave, said in a post on X. The protocol currently generates approximately $134 million in annualized revenue for the Aave DAO, he added.

Trading volume climbed above $546 million, while market capitalization reached $1.44 billion, CoinGecko data shows. The rally followed Kulechov's disclosure that Aavenomics 3.0 is under development and will introduce an automated buyback mechanism. Separately, Aave executives outlined plans to bring tokenized equities such as AAPL and TSLA onto Aave V4, allowing users to deposit them as collateral or lend them out directly. The global securities lending market holds roughly $4.6 trillion in securities on loan and generates about $35 billion in annual revenue, according to industry data.

The $100 level remains the most significant technical barrier for AAVE, having rejected previous recovery attempts earlier this year. The Relative Strength Index climbed to 69.22, just below overbought territory, confirming that buying momentum has continued to build. Exchange reserves rose 16.97% to $229.49 million, indicating more tokens moved onto exchange wallets — a dynamic that typically increases sell-side liquidity. Buyers absorbed that additional supply without letting the price surrender its recent gains, though continued reserve growth could slow the recovery if demand weakens.

A successful move above $100 would expose the next resistance near $115, while a rejection could encourage consolidation before another attempt. The liquidation heatmap shows the largest concentration of liquidity around the $90 region, with heavier clusters between $95 and $100 that represent the next major upside target. On the downside, support sits between $79 and $82, near the 50-day moving average, with stronger support around $71 to $74.

The broader crypto market remained under pressure as Bitcoin traded below $60,000 after the U.S. launched strikes against Iran on June 26 in retaliation for drone attacks on cargo ships in the Strait of Hormuz. Aave's decoupling from the broader market decline highlights the strength of its protocol-level catalysts, though the token's overbought RSI reading suggests a short-term pullback is possible before any sustained push toward $100.

This article is for informational purposes only and does not constitute investment advice.