AAVE Token Surges 10.68% as Grayscale Spot ETF Filing and New DAO Framework Fuel Momentum

AAVEUSDT saw a notable 10.68% price increase over the past 24 hours, with its current price at 122.21 (Binance data), driven primarily by significant news events including Grayscale's filing to convert its AAVE Trust into a spot ETF and the introduction of the "Aave Will Win" governance framework that aims to redirect all protocol revenue to the Aave DAO treasury. Additional momentum came from Aave V3's recent launch on the Mantle Network and active governance discussions surrounding protocol upgrades and institutional interest. Market activity has remained robust, supported by high trading volumes and increased engagement with new liquidity incentives, placing AAVE's market capitalization near $1.82–$1.84 billion with a circulating supply of about 15.2–15.33 million tokens.