AAVE Soars 95%, Driven by DeFi Growth and Tight Supply

The Aave (AAVE) price experienced a remarkable surge this week, reaching its highest level since March 6, driven by declining exchange balances and growing institutional interest. Since April lows, AAVE has climbed an impressive 95%. This rapid rise, fueled by the ongoing DeFi boom and increased investments from institutions, reflects the strong momentum behind the decentralized finance (DeFi) ecosystem.