AAVE Token Surges 14.57% as Sony Blockchain Integration and DeFi Growth Drive $850M Volume

AAVEUSDT experienced a significant price increase of 14.57% in the last 24 hours, rising from a 24h open of $265.15 to a current price of $303.79 on Binance. This upward movement is primarily attributed to several key developments: the successful integration of AAVE into Sony’s Soneium blockchain, which expanded access to over 6 million new wallet addresses and included participation in Soneium’s liquidity campaigns; a surge in DeFi borrowing on the Aave platform, reaching a record $17 billion; and notable whale accumulation, including a recent large purchase through Wintermute OTC that resulted in substantial unrealized profits. Additional factors supporting the rally include Aave’s ongoing protocol upgrades, cross-chain collaborations, and strong developer activity, all contributing to increased market confidence and trading volume.

Currently, AAVE maintains a robust market position with a price of $303.79, 24-hour trading volume exceeding $850 million, a market capitalization near $4.6 billion, and a circulating supply of approximately 15 million tokens, reflecting strong liquidity and heightened investor interest.