Aave (AAVE), the governance token of the Aave Protocol, has defied recent declines to achieve a new all-time high above $300. This surge in price is fueled by strong institutional investment, particularly from Coinbase’s Stablecoin Bootstrap Fund, which re-committed capital to Aave’s liquidity pools. The token’s market capitalization of $4.83 billion currently ranks #40 globally, with a circulating supply of 15.2 million out of a total of 16 million. Aave’s robust Total Value Locked (TVL) at $33.66 billion further highlights its importance within the Decentralized Finance (DeFi) ecosystem. Aave supports over 20 crypto assets as collateral, operates across multiple chains including Optimism, Arbitrum, Avalanche, and Polygon, and continues to attract growing adoption. 2.4% USDC rewards are now available on Aave’s new Linea market program in collaboration with MetaMask, Brevis, and others, offering privacy-preserving yield farming for users. A recent surge in demand for leveraged yield strategies has contributed to a 62% year-to-date increase in utilization of lending platforms like Aave, bolstering the token’s growth potential. This bullish momentum is further fueled by positive macro trends, with Bitcoin and Ethereum showing strong support for DeFi tokens such as AAVE.