โ ๐๐๐๐ ๐๐จ๐๐ซ๐ฌ ๐๐% ๐ข๐ง ๐๐๐ก: ๐๐ฌ ๐๐๐ ๐ข ๐๐๐๐ค ๐ข๐ง ๐๐จ๐ฐ๐ง?
While most of the crypto market turns red, Aave (AAVE) just broke out with a 25% price surge in under 24 hours, jumping from $213 to $267, its highest level in three months โ and making it the top gainer among the top 100 coins.
So, whatโs fueling this sudden momentum?
โก๏ธ Legislative Optimism: GENIUS Act Buzz
Many in the crypto community are linking AAVEโs rally to rising support for the U.S. GENIUS Act โ a new bill aimed at reducing regulatory pressure on DeFi and stablecoins. If passed, it could bring a more welcoming legal environment for platforms like Aave, attracting institutional interest and TVL.
โก๏ธ DeFi Awakens: Sector-Wide Ripple Effect
This bullish sentiment is spreading. CRV (Curve) jumped 8%, while JUP (Jupiter) rose 5% โ both DeFi-related tokens riding the same wave of renewed confidence. In contrast, most major tokens like BNB, DOGE, ADA, and XRP are trending lower, showing that DeFi might be decoupling from the rest of the market.
โก๏ธ TVL Milestone: Over $30 Billion Locked
Aave just hit a new all-time high in Total Value Locked (TVL), exceeding $30B, which now represents a massive 20% of all DeFi TVL across Web3 โ more than all CeFi platforms combined. This growth signals rising user confidence and long-term utility.
โก๏ธ Altcoin Season Starter?
With Bitcoin barely moving (+0.3%) and Ethereum only slightly up (+1%), analysts are now calling this AAVE surge an early signal of a possible altcoin season. If momentum holds, short-term targets between $280โ$300 could be next.
Will AAVE lead the next DeFi breakout โ or is this just a one-day wonder?