Aave’s native token AAVE surged 14% over the past 24 hours to $188 on Tuesday as the broader crypto market rebounded from the steep early week sell-off.
The move marked one of the strongest daily gains among major DeFi assets, outpacing the CoinDesk 5 Index's 8% gain during the same period.
The rally was fueled by a sharp breakout above the $175 level during the U.S. trading session, where volume spiked 295% above average in a single hour, CoinDesk Research's technical analysis tool noted. Overall, AAVE posted an intraday range of $24.90, rising from $164.28 due to strong trading activity, representing a 35.66% increase compared to its seven-day average.
Technical indicators confirmed the momentum. AAVE logged three higher lows before pushing above $183.80 support and reaching a session high of $188.26, with volume spikes reinforcing bullish control.
Boosting sentiment was Aave expanding to Mantle (MNT), a layer-2 Ethereum scaling network tightly connected to crypto exchange Bybit’s 70 million user base. The partnership brings DeFi lending to a broader audience, leveraging low-cost infrastructure while connecting centralized exchange liquidity with decentralized lending markets.
"By bringing Aave's lending markets to Mantle's high-performance network with direct access to Bybit's exchange, this integration makes transparent, onchain finance available at global scale for institutions worldwide," said Stani Kulechov, founder of Aave Labs.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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