AAVE, the native token of the Aave DeFi lending protocol, has experienced a significant surge of over 26% in the past 24 hours, driven by a pivotal proposal from the Aave DAO. This proposal, deemed the most important in Aave's history, introduces updated Aavenomics aimed at enhancing the platform's financial structure and governance.

The proposal seeks to redistribute net excess revenue to key ecosystem contributors, update AAVE tokenomics, and manage secondary liquidity. A four-member Aave Finance Committee (AFC) will oversee these changes, including a buyback program to strengthen AAVE's market position. This development underscores the potential for growth and innovation within the DeFi space.