AAVE Token Surges 4.18% as $85M USDC Deposit Boosts Liquidity and Trading Volume

AAVEUSDT has experienced a 4.18% price increase over the past 24 hours, currently trading at 298.10 USDT according to Binance data. This upward movement is attributed to a combination of factors, including a substantial $85.38 million USDC deposit into Aave V3 following the sale of 33,582 ETH, which has reinforced confidence in Aave’s liquidity and protocol strength. Additionally, Aave’s Total Value Locked (TVL) remains robust at approximately $26.4 billion, maintaining its leadership position among lending protocols and supporting positive sentiment in the DeFi sector. Recent price action also reflects heightened trading activity, with a 22.40% increase in 24-hour trading volume to $530.16 million, and market participants responding to both technical resistance levels and ongoing protocol developments such as the deployment of Aave V3 on the Aptos mainnet. Overall, the market capitalization stands at $4.24 billion, with AAVE showing strong volatility and continued investor interest.