Aave (AAVE) is steadily growing, with TVL hitting an all-time high, and the market outlook is broad.

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According to the latest analysis from DefiLlama, Aave (AAVE) has performed quite strongly in 2023, particularly showing a continuous upward trend in total locked value (TVL), token prices, and platform fees. Aave's TVL has risen from $6.62 billion in January to a record high of $23.1 billion in December, showcasing the platform's growth potential. Meanwhile, although the increase in fees has been modest, the ongoing upward trend also indicates that the demand for decentralized crypto lending platforms is on the rise.

Recent analysis from Santiment shows that the rise of AAVE is closely related to the sharp decline in the 'average dollar investment lifespan,' meaning that major stakeholders are reactivating dormant tokens, further fueling bullish sentiment in the market. In addition, active traders have also gained considerable profits, with a 30-day return rate exceeding 96% and an annual yield of over 290%.

Aave's growth is not only reflected in TVL and fees but also in the whale capital it attracts. Last week, Aave's deposits reached $38 billion, attracting significant interest from whales, especially capital inflows from Trump's World Freedom Wallet. Additionally, Aave's social volume is also on the rise, further solidifying its position as a leading DeFi participant.

Despite the market's exuberance leading to some bullish momentum encountering price corrections, experts believe that AAVE shows relative strength compared to other altcoins and still has greater growth potential. Analysts are generally optimistic about Aave's long-term prospects and point out that its current signs of relative strength in the overall market may drive prices further up.