🏁 AAVE Outpaces Market with Strong Weekly Performance
Aave’s native token, AAVE, has gained nearly 18% over the past week, outshining many major cryptocurrencies and positioning itself as a top DeFi performer. Despite a relatively stagnant broader market, AAVE has attracted increased trading interest, supported by surging protocol metrics and favorable technical setups.
📈 Total Value Locked in Aave Hits New Record
One of the strongest drivers behind AAVE’s rally is the dramatic increase in its Total Value Locked (TVL). According to on-chain analytics, Aave’s TVL climbed to a record $26.49 billion, reflecting deepening trust and adoption in decentralized lending and borrowing. This milestone reinforces Aave’s standing as a DeFi heavyweight.
📊 Derivative Markets Indicate Bullish Sentiment
In parallel with TVL growth, AAVE’s open interest in futures contracts rose over 14% in a single day, reaching $678 million. The funding rate has stayed near neutral, signaling a balanced outlook between bulls and bears. However, the uptick in derivatives activity suggests renewed speculative interest and momentum behind the token.
📉 AAVE Price Action Breaks Key Technical Barriers
From a technical perspective, AAVE recently broke through the 50% Fibonacci retracement level at $213 and now targets the 78.6% retracement level around $305.70. The rally from recent lows near $114 hints at a continued bullish trend, with potential upside toward the yearly high of $399.85 if momentum holds.
🔮 What’s Next for AAVE: Can the Rally Continue?
While short-term resistance is expected near the $300–$305 range, continued growth in TVL and strong derivatives support could pave the way for additional gains. Caution remains warranted amid macroeconomic uncertainty and potential volatility in Bitcoin and Ethereum markets.
💼 DeFi Leader Shows Renewed Strength
With on-chain fundamentals improving and technical indicators flashing bullish signals, AAVE’s 18% weekly surge reflects growing optimism in the DeFi sector. If key metrics continue trending upward, AAVE may remain one of the top tokens to watch in July 2025.
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This article was created with AI assistance and curated by DNIR Staff for accuracy and editorial standards.
