AAVE Token Climbs 2.56% as Governance Shifts and Real-World Asset Deposits Surpass $1 Billion

The recent price movement of AAVEUSDT can be attributed to governance developments within the Aave protocol, particularly the announcement by BGD Labs of its planned exit from Aave DAO governance, which has led to increased market volatility and a drop in price earlier in the week. This news impacted sentiment, but the protocol's milestone of surpassing $1 billion in real-world asset deposits has helped stabilize the market and contributed to signs of recovery. Over the last 24 hours, AAVEUSDT traded higher, opening at 116.35 and reaching a current price of 119.33, reflecting a 2.56% increase. Trading volumes remain strong, and AAVE maintains a circulating supply near 15.33 million tokens out of 16 million, with market capitalization estimated between $1.87 billion and $1.95 billion.