AAVE Token Surges 3.48% as Real-World Asset Deposits Top $1 Billion and V3 Launch Drives Activity

AAVEUSDT experienced a 3.48% price increase over the past 24 hours, rising from a 24h open of 113.20 to a current price of 117.14 on Binance. This upward movement is attributed to increased institutional activity, highlighted by significant real-world asset deposits on Aave surpassing $1 billion and a notable withdrawal of 17,390 AAVE tokens from Binance, suggesting heightened interest from larger market participants. Additionally, the launch of Aave V3 on Mantle Network and ongoing governance discussions within the Aave DAO contributed to overall market attention. Trading volume remains strong, with Binance reporting $362.26 million, reflecting active participation amid a period of price stabilization following recent volatility. Market capitalization stands between $1.75 billion and $1.80 billion, indicating Aave's continued prominence in the decentralized finance sector.