AAVE Token Surges 12.73% Amid ETF Filing, Mantle V3 Launch, and Major Governance Shift

AAVEUSDT experienced notable volatility in the past 24 hours, with its price rising 12.73% to $127.71 on Binance. This sharp price increase is primarily attributed to recent positive developments, including Grayscale’s S-1 filing with the SEC to convert its AAVE Trust into a spot ETF, the launch of Aave V3 on Mantle Network featuring new liquidity incentives, and heightened on-chain activity such as accumulation and short liquidations. Additionally, a significant governance proposal by Aave Labs to redirect all protocol revenue to the DAO has drawn attention and debate, contributing to increased market interest and trading volumes.

Currently, AAVE holds a market capitalization near $1.68 billion, ranks around #38 in the crypto market, and saw varied 24-hour trading volumes across platforms, with Binance showing particularly strong activity. The token’s price is up significantly from its previous open, reflecting robust momentum amid ecosystem expansions and governance shifts.