Aave (AAVE) experienced a significant price jump of over 25% today, fueled by increasing optimism within its ecosystem and heightened trading activity. Reaching its highest point since February at $269 on May 20th, AAVE solidified its position as a top performer in the cryptocurrency market. This surge coincides with record-breaking trading volume for AAVE, exceeding $800 million today – one of its busiest days since early March. The activity is also reflected in the significant rise in futures open interest hitting an all-time high of $569 million, indicating substantial interest from derivatives traders. 2 This surge is further bolstered by positive funding rates for two consecutive weeks, suggesting a market leaning towards long positions.