Aave Protocol's TVL has reached a new high, but the coin price still has a significant gap from ATH

According to ChainCatcher news, Arthur_0x, founder and CIO of DeFiance Capital, stated on social media that several metrics of the Aave protocol have reached new highs, but the current coin price is only 50% of its ATH price. Compared to 2021, the total supply of stablecoins is also significantly higher, which provides momentum for DeFi, and it is expected that AAVE's price will push higher.

According to DeFiLlama data, Aave's TVL has now surpassed the previous bull market period in October 2021, reaching a historical high of approximately $38.6 billion. The estimated annual revenue for the protocol is $117 million.

Additionally, according to CoinGecko data, AAVE is currently priced at $355, with a 24-hour increase of 28.7%, a nearly 30-day increase of 87.5%, and a one-year cumulative increase of 283.6%. However, it still needs to rise by 86.197% compared to its all-time high price of $661.69. Furthermore, the market capitalization of AAVE is currently reported at $5.327 billion, needing to increase by 49.296% compared to its all-time high record of $7.953 billion.