Aave continues to be the king of DeFi, with over $38.8 billion in TVL (total-value locked) and over five years in the game, cementing itself as the leader amongst the competition. However, the power of its DeFi protocol hasn’t stopped the AAVE price from sliding over 6% overnight.
Currently trading at $312, AAVE is down 54% from its all-time high of $661, which was reached in May 2021. Considering it has over $38 billion in TVL, to many, Aave is undervalued with a market cap of just $4.7 billion, leading many to wonder what it will take for a significant breakout for the leading DeFi token.
AAVE Price Down 5% On The Month While Its TVL Has Surged 28% In The Same Time
The protocol’s recent price action dumbfounds many within the Aave community. TVL has climbed nearly 30% in the past month, while the AAVE price has fallen over 5% over the same time frame.
Per DefiLlama, excluding liquid staking protocols, Aave is the biggest DeFi protocol on the market, with over $38.8 billion in TVL, $3.72 million in daily fees, and an estimated $136 million in annualized revenue.
Aave is present across 17 blockchains, making it one of the more omnipresent DeFi protocols in the space. The bulk of Aave’s TVL comes from its V3 protocol, accounting for $38 of its $38.8 billion TVL.
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The Aave team recently began a buyback initiative to combat emissions, attempting to make the token deflationary rather than inflationary. Data compiled by @TokenLogic shows that buybacks between April and July have outpaced emissions, meaning that Aave is operating as a deflationary asset.
Since buybacks have exceeded emissions, the AAVE circulating supply is now deflationary, with about a 0.18% yearly reduction in total supply. And it should only improve, with further cuts planned until emissions hit 0.
With Aave becoming a deflationary asset, increasing in TVL, and constantly spreading its lending services to new chains, it is strange to see the AAVE price still more than 50% away from its all-time high.
(SOURCE)
The protocol also recently surpassed $70 billion in net deposits, placing it among the largest financial protocols across all of DeFi. Lending demand remains high, especially in stablecoin pairs, while protocol fee generation is tracking steadily upward.
Furthermore, the platform’s technology roadmap includes scaling enhancements such as Aave v4 deployment and Chainlink’s staking-based verifiable random functions, which aim to improve composability and security.
Aave has reached another milestone, overtaking stablecoin issuer Circle in TVL. Per Token Terminal, Aave has $68.3 billion, surpassing Circle with $65.6 billion in TVL. This is no small feat for a DeFi protocol to overtake a publicly traded company in Circle, which is currently valued at $31.94 billion on the New York Stock Exchange.
ICYMI: @aave overtook Circle & is currently the #2 crypto business by TVL.
The Aave platform currently hosts over $65 billion in user assets. pic.twitter.com/mhTzcSNf0i
— Token Terminal 📊 (@tokenterminal) August 11, 2025
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Technical Analysis For AAVE Price: Breakout Soon?
The AAVE price is approaching a re-test of the support level at $318, which coincides with the lower boundary of previous demand. Traders will closely monitor whether this area is a reliable rebound point.
As long as AAVE remains within the $307 to $312 demand zone, there is potential for stabilization and a possible bounce back. A recovery above $325 would indicate renewed momentum. On the other hand, if the price drops below $307, it could decline toward $295 or even lower.
The $307 level has long been recognized as a critical pivot point for AAVE, and this current test highlights its importance. Market participants should monitor on-chain flows and updates from the ecosystem to assess whether confidence is returning or capitulation is worsening.
A push beyond $325 for the AAVE price will likely lead to a breakout toward $400. With favourable market conditions heading into Q4, a push to new highs of more than $661 seems a real possibility before the year is out.
BONUS: Bitcoin Hyper (HYPER) Raises $500K Overnight As It Surges Toward $10M In ICO Funding
Bitcoin Hyper (HYPER) continues to gain momentum as one of the hottest crypto presales this year after securing $9.6 million in presale funding, earning nearly $600,000 in the past 24 hours.
Early funding targets of $10 million are looking increasingly low as each day passes, with $20 million and beyond a more logical target if HYPER continues to experience $500,000 daily inflows.
HYPER is a brand-new Bitcoin Layer-2 protocol built on the Solana Virtual Machine (SVM). It utilizes rollup technology to batch transactions from the Bitcoin core layer, processing them off-chain before sending them back to Bitcoin for settlement.
This not only speeds up Bitcoin transactions and reduces fees to mere pennies, making Bitcoin a viable payment option for the first time. BTC has never been a realistic option for retail and e-commerce due to its lengthy processing times and high fees, but Bitcoin Hyper changes this.
Additionally, HYPER will open up a whole new ecosystem under the Bitcoin umbrella, with DeFi, Gaming, NFTs, and memecoins all possible sectors being brought to Bitcoin with Bitcoin Hyper.
As previously mentioned, Bitcoin Hyper is building with innovative rollup technology. The team’s recent announcement of full integration with the SVM as the execution layer on HYPER, coupled with the utilization of rollups, will facilitate fast transactions, low fees, and real-time execution without changing Bitcoin’s core base layer.
How To Invest In The Future Of Bitcoin Today:
To get started, visit the Bitcoin Hyper presale website to learn more about joining the HYPER train. You can purchase HYPER using ETH, USDT, BNB, or a bank card.
Investors can stake their HYPER tokens for an impressive 113% APY in rewards, creating an excellent opportunity for passive income while waiting for the Bitcoin Hyper ICO to finish.
Just under 36 hours remain before the HYPER presale moves to its next price stage, meaning the current price of $0.0123 will no longer be available.
For the latest updates on all things HYPER, join the community on Telegram and X.
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