AAVE Rallies Above $290 as DeFi Lending Surges to New Highs

AAVE, the native token of decentralized finance (DeFi) platform Aave, surged to over $290 on Tuesday—its highest level in three weeks—as the DeFi lending sector gains renewed momentum.

According to CoinDesk Research, AAVE rebounded from Monday’s low of $277.57 to a session high of $291.11, marking a 5% gain in under 24 hours. Strong volume spikes, particularly during the 12:00–12:13 UTC window, surpassed 2,000 units, signaling authentic buyer interest and reinforcing a bullish recovery trend.

Technical analysis highlights solid demand zones between $277 and $280, suggesting the formation of strong support levels that could underpin future price action. This rally aligns with a broader resurgence in DeFi lending markets, which are currently experiencing a significant uptick in activity and capital inflow.

According to DefiLlama, total value locked (TVL) across DeFi lending protocols has exceeded $56 billion, surpassing the 2022 peak. Aave remains a dominant force in this growth trend, boasting $26.4 billion in TVL across 17 blockchains. This figure alone accounts for more assets than the next 30 competing DeFi lending platforms combined, underscoring Aave’s market leadership and ecosystem strength.

The resurgence in DeFi comes amid increasing interest from institutional players and retail users alike, as decentralized finance continues to offer attractive yields and alternatives to traditional financial products.

With strong on-chain metrics, rising TVL, and growing market confidence, AAVE appears well-positioned to maintain momentum if DeFi’s renaissance continues. Market watchers will be closely monitoring whether the token can hold above key support and push further into the $300+ territory in the coming sessions.