Aave (AAVE) has surged 5.8% in the last 24 hours and 14.16% over the past week, testing the $300 psychological resistance level amid growing institutional interest. The protocol now commands a record $26.47 billion in Total Value Locked (TVL) – exceeding the combined TVL of its next 30 competitors and capturing 22% of the entire DeFi market share. This represents a significant lead over Lido in protocol dominance, with Aave controlling 46% of the DeFi lending sector.
Technical indicators reveal a bullish pennant formation with a projected target of $325, supported by AAVE trading above both the 50-day and 100-day EMAs. The MACD line confirms sustained upward momentum, while Bollinger Band expansion indicates rising volatility. Analysts note critical support at $295, with a break above $300 potentially triggering a rally toward $400 based on an inverse head-and-shoulders pattern.
Fundamental strength is underscored by $775 billion in cumulative borrow volume – approaching the $1 trillion milestone – and $7.5 billion in flash loan activity during H1 2025. Founder Stani Kulechov's recent policy discussions at the White House and Capitol Hill focused on the GENIUS Act for stablecoin regulation, signaling growing institutional recognition. Aave maintains over $1 billion TVL across Ethereum, Arbitrum, Base, and Avalanche networks, reinforcing its multi-chain dominance.