The native token of DeFi protocol Aave (AAVE) has recently reached its highest price level since April 2022, surpassing $173. This surge marks a significant recovery for Aave, which experienced a sharp decline from its all-time high of over $670 in May 2021. The current uptrend is attributed to the overall positive sentiment in the crypto market, particularly with Bitcoin surpassing $60k. AAVE/USD has surged by over 172% in the past year, with a 23% increase in the last week alone. Aave's total value locked has also rebounded to $22.1 billion, mainly driven by Aave V3's key integrations. The network's total TVL now stands at around $20.5 billion, reflecting the growing interest in decentralized finance and lending platforms. Read more AI-generated news on: https://app.chaingpt.org/news