DeFi Sector Hits $219B as AAVE Overcomes Technical Barrier

AAVE Pushes Higher as DeFi Market Hits $219B Record

Aave’s AAVE token surged on Oct. 3, rebounding from last week’s lows and overcoming key resistance levels, despite some short-term profit-taking above $290.

The token is up 2% in the past 24 hours and 6% on the week, with support holding firmly around $284–$285 while consolidating near $290.

The broader crypto market also contributed to the rally. Bitcoin (BTC) climbed above $122,000, moving closer to its August record, while the DeFi sector reached a new all-time high of $219 billion in total assets, according to DeFiLlama.

Record Activity on Aave
Aave saw deposits climb to a record $74 billion, solidifying its position as the leading DeFi lending platform. The recent partnership with Plasma, a stablecoin-focused blockchain, helped push the Plasma lending market on Aave above $6 billion in under a week, fueling fresh inflows.

Technical Snapshot

• Intraday Range: $279.16–$294.33, with a peak at $290.37.
• Support Zone: $284–$285 remains strong.
• Resistance Zone: $290–$294 continues to cap gains.
• Volume: Trading surged to 143,188 units, well above the 37,000 average.
• Market Structure: Consolidation near current levels suggests accumulation, while technical indicators point to continued upside potential despite short-term profit-taking.