According to BlockBeats, on December 12, according to HTX market information, the lending protocol Aave token AAVE rose above $380, reaching $388.52. It is currently quoted at $379, a 24-hour increase of 36.12%.
BlockBeats reported earlier today that multiple indicators of the Aave protocol have hit new highs, but the price of the coin is currently only 50% of the price during the ATH period. The total supply of stablecoins is also significantly higher than in 2021, which also provides momentum for DeFi, and the price of AAVE is expected to be pushed higher. According to DeFiLlama data, Aave's current TVL is higher than the last bull market in October 2021, setting a record high of US$38.6 billion. The annual revenue of the protocol is estimated to be US$117 million.
According to CoinGecko data, AAVE is currently trading at $355, up 28.7% in 24 hours, 87.5% in the past 30 days, and 283.6% in one year, but it still needs to rise by 86.197% compared to its historical highest price ($661.69). In addition, AAVE's market value is currently reported at $5.327 billion, and it still needs to rise by 49.296% to reach its historical highest record ($7.953 billion).
