AAVE Breaks Out to 3-Week Top, Commanding Attention in the $56B DeFi Lending Arena

AAVE Hits Three-Week High Amid DeFi Lending Boom

AAVE, the token powering the decentralized lending protocol Aave, climbed to a three-week high on Tuesday, driven by renewed strength in decentralized finance (DeFi) markets.

The asset rose nearly 5% between Monday and Tuesday, bouncing from a low of $277.57 to touch $291.11, according to technical analysis from CoinDesk Research.

Trading volume remained steady for most of the period but spiked sharply between 12:00 and 12:13 UTC, exceeding 2,000 units—a sign analysts interpret as robust buying pressure and confidence following earlier dips.

Technical charts now identify a strong support range between $277 and $280, which could help fuel further gains if broader market sentiment stays positive.

AAVE’s upswing coincides with a resurgence across DeFi lending. DefiLlama data shows total value locked (TVL) in lending protocols has grown past $56 billion, surpassing peaks seen in 2022.

Aave remains firmly in the lead, commanding $26.4 billion in TVL spread across 17 blockchains. This single platform’s assets exceed the combined totals of the next thirty largest DeFi lenders, underscoring Aave’s dominance in the market.