AAVE Token Slides 3% Amid DAO Revenue Debate, $50M Funding Request, and Protocol Upgrades

AAVEUSDT is currently trading at 122.64, down 3.06% over the last 24 hours from an open of 126.51. The decline in price coincides with ongoing debates within the Aave ecosystem, particularly around Aave Labs' proposal to allocate all protocol revenue to the DAO and the associated request for $50 million funding, which has sparked controversy among DAO members. Additional factors influencing recent volatility include the launch of Aave V3 on Mantle Network and Grayscale's filing for a spot Aave ETF, though these events have not fully offset the impact of governance-related tensions. Trading volume remains high, reflecting significant market activity, with the circulating supply at approximately 15.2 million out of a maximum of 16 million tokens and market capitalization near $1.9 billion. The asset continues to experience substantial volatility, with recent price movements largely attributed to governance developments and protocol upgrades.