Aave gains 18% weekly amid ecosystem growth, stablecoin dominance

Aave compounded its weekly gains thanks to rising adoption and the general bullish momentum in the crypto market.

Aave is seeing strong performance amid ecosystem updates and a bullish crypto wave. On Friday, July 11, Aave (AAVE) was up 6%, reaching a daily high of $317.58. This compounded to a growth of 18% over the last week, when Aave was trading at $272.

This development comes amid bullish momentum in the crypto markets, fueled by Bitcoin’s (BTC) all-time high levels. At the same time, Aave reported growing stablecoin adoption, with plans to further support its stablecoin ecosystem.

On July 10, Aave published its monthly funding update for July, which saw steady progress for the project. The team reported consolidating its treasury funds to the Ethereum network, which will support incentives, buybacks, and growth.

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Aave controls 5% of stablecoin lending

The project is also expanding its AHAB program with $1 million in stablecoins, in an effort to further boost stablecoin adoption. This move comes as Aave’s stablecoin adoption is growing. According to crypto analyst Leon Waidmann, Aave now controls 5% of all stablecoin circulating supply in lending. This figure puts Aave ahead of all CeFi lenders combined, showcasing the growing appeal of decentralized lending.

Did you realize AAVE alone now holds 5% of stablecoins?

Yep, that’s more than all CeFi lenders combined.

The shift isn’t coming, it’s already here. pic.twitter.com/5in2WFpuZe

— Leon Waidmann 🔥 (@LeonWaidmann) July 4, 2025

For this reason, whales are jumping on the token. Nansen metrics indicate significant whale accumulation, while data from Santiment shows a significant drop in exchange supply. The supply of Aave on exchanges dropped to 2.9 million, the lowest level since February 2021. This usually indicates that investors are moving tokens to self-custodial wallets, holding them for the long run.

The overall Aave network total value locked has spiked since the start of July, reaching $28.9 billion from $25 billion in June. Its TVL overtook last year’s December highs of $22 billion already in April of 2025. This consistent growth suggests rising adoption for this Ethereum (ETH) based DeFi lending protocol.

Read more: AAVE price prediction: 28% surge likely after hitting a $745m staking milestone

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