
- The price of AAVE surged to $173 on Monday, marking its highest point since April 2022.
- The Total Value Locked (TVL) has rebounded as the decentralized finance platform experiences positive market sentiment.
Aave (AAVE), a DeFi protocol, has witnessed a remarkable increase in its native token’s price, reaching levels not seen since April 2022.
This rise above $173 signifies Aave’s peak price since it hovered around $176 on April 28, 2022.
For AAVE, it experienced a significant decline following a bull run that peaked above $670 in May 2021, leading to an extensive accumulation period of nearly two and a half years.

Aave appears to be in a strong position, having overcome a horizontal resistance that previously stifled buyers.
This resurgence is partly due to a general bullish trend in the crypto market, driven by Bitcoin crossing above $60k and a rally that explores the bear market’s resilience above $64,800. Based on CoinGecko data, AAVE/USD has surged by over 172% in the last year, with a 23% increase just in the last week.
Such advances correspond with a recovery in AAVE’s Total Value Locked, which declined to $5.7 billion in January 2023. In a year where the decentralized finance sector has benefited from an overall upturn due to increased lending and borrowing, DeFiLlama indicates that Aave’s TVL has risen to $22.1 billion.
The majority of this value is sitting on Aave V3, which has undergone various crucial integrations across the market. The total TVL for the network was approximately $20.5 billion.