AAVE Token Holds 9% Weekly Gain Despite 2.89% Dip After Soneium Blockchain Launch

AAVEUSDT is currently trading at $276.88 on Binance, reflecting a 2.89% decline over the past 24 hours from a 24h open of $285.13. The recent price pullback follows a period of strong bullish momentum driven by Aave’s deployment on the Sony-backed Soneium blockchain and increased protocol revenues, which led to a notable price surge earlier in the week. The current decline appears to be part of a broader market correction, as no negative protocol-specific developments have been reported. Market sentiment remains bullish, supported by a 7-day gain of over 9%, a 1-year increase of 181.7%, and a circulating supply of approximately 15 million AAVE. Trading volume in the last 24 hours ranges from $706.7 million to $788.7 million, with about 19.4% of the market cap staked and AAVE ranked #38 by market capitalization.