- AAVE net deposits surged to an all-time high of $35 billion in 2025 amid renewed interest in DeFi.
- If this network growth continues, it could bode well for AAVE’s price performance in 2025.
The decentralized finance (DeFi) industry experienced a renaissance in 2024 given that by the 17th of December, the Total Value Locked (TVL) had surged to a two-year high of $154 billion.
This growth stirred interest in DeFi protocols and tokens such as Aave [AAVE].
In its yearly review, the AAVE protocol noted that net deposits hit a record high of $35 billion in 2024. Because of this growth, AAVE is now the largest DeFi platform.
Data from DeFiLlama also depicts similar growth after total monthly fees on the protocol rose to a three-year high of $65.34M. At the same time, revenues reached $11.68M.
The total amount borrowed on the protocol has also increased to more than $14 billion.
Source: DeFiLlama
The rising activity drove AAVE’s price gains in Q4 2024, and if the same growth is recorded this year, it could bode well for the altcoin. However, despite the DeFi renaissance, the token’s daily chart shows looming bearish trends.
AAVE price analysis
AAVE, at press time, traded at $330 after a 6.4% gain in 24 hours. Despite these gains, the token’s one-day chart depicted a bearish double-top pattern.
AAVE had bounced from the neckline of this pattern at $299, indicating that bulls were fighting for control.
If the buying activity depicted by the volume histogram bars continues and AAVE flips resistance at the two peaks ($391), it could invalidate the bearish thesis depicted by the double-top.
