• bitcoinBitcoin (BTC) $ 111,318.00
  • ethereumEthereum (ETH) $ 2,710.91
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.47
  • bnbBNB (BNB) $ 689.26
  • solanaSolana (SOL) $ 183.91
  • usd-coinUSDC (USDC) $ 0.999815
  • dogecoinDogecoin (DOGE) $ 0.251381
  • cardanoCardano (ADA) $ 0.825586
  • tronTRON (TRX) $ 0.274281
  • staked-etherLido Staked Ether (STETH) $ 2,708.13
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 111,252.00
  • suiSui (SUI) $ 3.90
  • hyperliquidHyperliquid (HYPE) $ 35.32
  • wrapped-stethWrapped stETH (WSTETH) $ 3,273.22
  • chainlinkChainlink (LINK) $ 17.00
  • avalanche-2Avalanche (AVAX) $ 25.69
  • stellarStellar (XLM) $ 0.309261
  • shiba-inuShiba Inu (SHIB) $ 0.000016
  • bitcoin-cashBitcoin Cash (BCH) $ 451.63
  • hedera-hashgraphHedera (HBAR) $ 0.207997
  • leo-tokenLEO Token (LEO) $ 8.89
  • the-open-networkToncoin (TON) $ 3.21
  • litecoinLitecoin (LTC) $ 102.10
  • polkadotPolkadot (DOT) $ 5.08
  • wethWETH (WETH) $ 2,714.06
  • moneroMonero (XMR) $ 385.12
  • usdsUSDS (USDS) $ 0.999583
  • pepePepe (PEPE) $ 0.000016
  • bitget-tokenBitget Token (BGB) $ 5.64
  • wrapped-eethWrapped eETH (WEETH) $ 2,901.81
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • pi-networkPi Network (PI) $ 0.817379
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 111,484.00
  • whitebitWhiteBIT Coin (WBT) $ 31.74
  • bittensorBittensor (TAO) $ 470.52
  • uniswapUniswap (UNI) $ 6.67
  • aaveAave (AAVE) $ 260.71
  • nearNEAR Protocol (NEAR) $ 3.13
  • daiDai (DAI) $ 0.999984
  • aptosAptos (APT) $ 5.85
  • jito-staked-solJito Staked SOL (JITOSOL) $ 221.13
  • ondo-financeOndo (ONDO) $ 1.05
  • okbOKB (OKB) $ 53.21
  • kaspaKaspa (KAS) $ 0.119153
  • internet-computerInternet Computer (ICP) $ 5.79
  • ethereum-classicEthereum Classic (ETC) $ 20.04
  • crypto-com-chainCronos (CRO) $ 0.101323
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • official-trumpOfficial Trump (TRUMP) $ 14.51
  • tokenize-xchangeTokenize Xchange (TKX) $ 36.01
  • render-tokenRender (RENDER) $ 5.28
  • vechainVeChain (VET) $ 0.031220
  • gatechain-tokenGate (GT) $ 21.95
  • mantleMantle (MNT) $ 0.767815
  • ethenaEthena (ENA) $ 0.441127
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • cosmosCosmos Hub (ATOM) $ 5.31
  • worldcoin-wldWorldcoin (WLD) $ 1.57
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.900527
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.255733
  • susdssUSDS (SUSDS) $ 1.05
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • arbitrumArbitrum (ARB) $ 0.439394
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 111,642.00
  • algorandAlgorand (ALGO) $ 0.245627
  • filecoinFilecoin (FIL) $ 3.14
  • celestiaCelestia (TIA) $ 2.94
  • fasttokenFasttoken (FTN) $ 4.40
  • bonkBonk (BONK) $ 0.000024
  • jupiter-exchange-solanaJupiter (JUP) $ 0.619164
  • sonic-3Sonic (prev. FTM) (S) $ 0.537457
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.75
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,708.63
  • fartcoinFartcoin (FARTCOIN) $ 1.60
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • binance-staked-solBinance Staked SOL (BNSOL) $ 192.26
  • blockstackStacks (STX) $ 1.02
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,816.39
  • kucoin-sharesKuCoin (KCS) $ 11.55
  • optimismOptimism (OP) $ 0.834380
  • injective-protocolInjective (INJ) $ 14.39
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.14
  • immutable-xImmutable (IMX) $ 0.730443
  • sei-networkSei (SEI) $ 0.250661
  • story-2Story (IP) $ 4.78
  • dogwifcoindogwifhat (WIF) $ 1.33
  • nexoNEXO (NEXO) $ 1.29
  • flare-networksFlare (FLR) $ 0.019657
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,086.83
  • the-graphThe Graph (GRT) $ 0.124603
  • eosEOS (EOS) $ 0.778550
  • usdt0USDT0 (USDT0) $ 1.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.072897
  • curve-dao-tokenCurve DAO (CRV) $ 0.848873
  • makerMaker (MKR) $ 1,798.22
  • flokiFLOKI (FLOKI) $ 0.000116
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 111,293.00
  • raydiumRaydium (RAY) $ 3.51
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,883.77
  • msolMarinade Staked SOL (MSOL) $ 237.83
  • theta-tokenTheta Network (THETA) $ 0.997272
  • galaGALA (GALA) $ 0.021700
  • jasmycoinJasmyCoin (JASMY) $ 0.019738
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 204.05
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.014748
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 111,654.00
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999817
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,841.58
  • lido-daoLido DAO (LDO) $ 0.994489
  • paypal-usdPayPal USD (PYUSD) $ 0.999380
  • iotaIOTA (IOTA) $ 0.234784
  • clbtcclBTC (CLBTC) $ 111,300.00
  • wbnbWrapped BNB (WBNB) $ 689.25
  • coredaoorgCore (CORE) $ 0.851958
  • pyth-networkPyth Network (PYTH) $ 0.147605
  • the-sandboxThe Sandbox (SAND) $ 0.345478
  • spx6900SPX6900 (SPX) $ 0.901367
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,837.80
  • based-brettBrett (BRETT) $ 0.083267
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.54
  • tether-goldTether Gold (XAUT) $ 3,302.83
  • ethereum-name-serviceEthereum Name Service (ENS) $ 24.19
  • zcashZcash (ZEC) $ 50.23
  • pax-goldPAX Gold (PAXG) $ 3,306.51
  • bitcoin-svBitcoin SV (BSV) $ 39.74
  • heliumHelium (HNT) $ 4.26
  • walrus-2Walrus (WAL) $ 0.586718
  • pendlePendle (PENDLE) $ 4.69
  • thorchainTHORChain (RUNE) $ 2.16
  • bittorrentBitTorrent (BTT) $ 0.00000077
  • jito-governance-tokenJito (JTO) $ 2.20
  • kaiaKaia (KAIA) $ 0.124040
  • dexeDeXe (DEXE) $ 12.61
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 110,663.00
  • flowFlow (FLOW) $ 0.443605
  • tezosTezos (XTZ) $ 0.670546
  • grassGrass (GRASS) $ 2.42
  • chain-2Onyxcoin (XCN) $ 0.019821
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999462
  • decentralandDecentraland (MANA) $ 0.348364
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.251487
  • usual-usdUsual USD (USD0) $ 0.997855
  • polyhedra-networkPolyhedra Network (ZKJ) $ 2.05
  • ousgOUSG (OUSG) $ 111.15
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,712.26
  • super-oethSuper OETH (SUPEROETH) $ 2,712.08
  • aerodrome-financeAerodrome Finance (AERO) $ 0.699835
  • apecoinApeCoin (APE) $ 0.715433
  • popcatPopcat (POPCAT) $ 0.582687
  • elrond-erd-2MultiversX (EGLD) $ 20.18
  • mog-coinMog Coin (MOG) $ 0.000001
  • reserve-rights-tokenReserve Rights (RSR) $ 0.009877
  • starknetStarknet (STRK) $ 0.181348
  • aioz-networkAIOZ Network (AIOZ) $ 0.479894
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 110,936.00
  • ketKet (KET) $ 0.562538
  • dydx-chaindYdX (DYDX) $ 0.721549
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,888.47
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.999754
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,788.37
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.005480
  • arweaveArweave (AR) $ 8.17
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,714.64
  • axie-infinityAxie Infinity (AXS) $ 3.20
  • kaitoKAITO (KAITO) $ 2.13
  • wormholeWormhole (W) $ 0.110751
  • conflux-tokenConflux (CFX) $ 0.100023
  • tbtctBTC (TBTC) $ 111,429.00
  • movementMovement (MOVE) $ 0.198106
  • neoNEO (NEO) $ 7.16
  • deepDeepBook (DEEP) $ 0.200893
  • eigenlayerEigenlayer (EIGEN) $ 1.65
  • true-usdTrueUSD (TUSD) $ 0.998363
  • telcoinTelcoin (TEL) $ 0.005343
  • roninRonin (RON) $ 0.749910
  • kavaKava (KAVA) $ 0.448682
  • pumpbtcpumpBTC (PUMPBTC) $ 108,692.00
  • ecasheCash (XEC) $ 0.000024
  • morphoMorpho (MORPHO) $ 1.73
  • akash-networkAkash Network (AKT) $ 1.74
  • aethirAethir (ATH) $ 0.051739
  • chilizChiliz (CHZ) $ 0.047827
  • ether-fiEther.fi (ETHFI) $ 1.41
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999808
  • beam-2Beam (BEAM) $ 0.008594
  • beldexBeldex (BDX) $ 0.062896
  • saros-financeSaros (SAROS) $ 0.170959
  • apenftAPENFT (NFT) $ 0.00000045
  • plumePlume (PLUME) $ 0.181070
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,716.45
  • wrapped-hypeWrapped HYPE (WHYPE) $ 35.28
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.10
  • mimblewimblecoinMimbleWimbleCoin (MWC) $ 38.43
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.004720
  • mantra-daoMANTRA (OM) $ 0.435580
  • syrupMaple Finance (SYRUP) $ 0.387416

Aave (AAVE) Remains Critical Asset for DeFi Segment, IntoTheBlock Data Says

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Aave (AAVE) Remains Critical Asset for DeFi Segment, IntoTheBlock Data Says

From its early days on Ethereum to its expansive reach across layer-2s and alternative chains, Aave has solidified itself as a leader in decentralized finance.

Aave (AAVE) metrics skyrocketing: Overview

AAVE tokens have had a massive surge of over 21% this week, vastly outperforming the broader crypto market. This rally follows a significant governance proposal from Aave DAO, which seeks to enhance the token’s value accrual mechanisms.

Key elements of the proposal include:

  • A profit-sharing model for AAVE stakers.
  • A “buy and distribute” program to support price stability and long-term value.
  • A novel “Anti-GHO” mechanism to burn or convert GHO debt for additional rewards.
  • A self-protection system dubbed “Umbrella” to shield users from bad debt

These proposed changes reflect a growing commitment to incentivizing AAVE holders and reinforcing the protocol’s financial resilience. While the price has almost made a round trip by now, it shows the market is excited about this new proposal and how it will affect the AAVE token.

AAVE is key asset for major DeFi

This recent surge in AAVE also reinforces its role as the beating heart of the protocol, enabling governance decisions and, in the future, potentially earning rewards from the protocol itself. The token currently boasts over 170,000 AAVE holders on Ethereum alone, with nearly the same number on Polygon.

However, despite the broad distribution, the AAVE token only sees around 3,000 daily active addresses across blockchains. This signals that many users are choosing to hold rather than transact frequently, likely in anticipation of further price appreciation.

Aave (AAVE) Remains Critical Asset for DeFi Segment, IntoTheBlock Data Says

However, on-chain metrics for AAVE look promising, as evidenced by a notable increase in activity since the end of 2024.

Aave (AAVE) Remains Critical Asset for DeFi Segment, IntoTheBlock Data Says

Early days of AAVE

Aave’s journey began in 2017 when Finnish law student Stani Kulechov launched ETHLend, a pioneering peer-to-peer lending platform on Ethereum.

However, the model faced liquidity and scalability issues, prompting a major shift. In 2018, ETHLend rebranded to Aave, meaning “ghost” in Finnish, and transitioned to a liquidity pool model. This innovation significantly improved efficiency, allowing users to deposit assets into shared pools from which borrowers could draw, eliminating the inefficiencies of direct lender-borrower matching.

Aave across blockchains

While Aave has clearly gone cross-chain and is now available on 13 different chains, the main Aave hub remains Ethereum. Here, Aave commands:

  • $26.6 billion in supplied assets across 49 markets, primarily in WETH and wstETH.
  • Over $11 billion in borrowed assets, heavily focused on WETH and USDT.

Aave (AAVE) Remains Critical Asset for DeFi Segment, IntoTheBlock Data Says

These numbers account for nearly 90% of Aave’s total supplied and borrowed assets, showing that, unsurprisingly, Ethereum still remains the main hub for Aave.

Aave’s multi-chain domination

Why settle for one blockchain when you can conquer several? Aave’s expansion strategy looks like a series of well-planned chess moves across multiple networks:

  • Arbitrum: A whopping $1.4 billion in supplied assets, thanks to high throughput and low fees.
  • Base: Already hosting $699 million in supplied assets, indicative of strong early adoption.
  • Avalanche: About $630 million in assets, appealing to those who value speed and eco-friendly consensus.
  • Polygon: Over $393 million, drawing in users who crave efficiency and near-instant finality.

Aave (AAVE) Remains Critical Asset for DeFi Segment, IntoTheBlock Data Says

Wrapping up: What’s next for Aave (AAVE)?

With an ever-growing user base, multi-chain deployments and active governance, Aave is showing no signs of slowing. In fact, Aave’s plans include expanding to other blockchains in the near future.

If the past few years are any indication, Aave’s trajectory will continue to push the boundaries of what is possible in DeFi.

Source

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