Aave Rockets Up: Riding the Bullish Wave and Stablecoin Surge

Holy smokes, Aave is on fire! This DeFi star just can't stop climbing, fueled by a tsunami of adoption and the wild, bullish frenzy sweeping the crypto scene.

Get this: on Friday, July 11, Aave (AAVE) blasted off another 6%, hitting a sky-high $317.58. That's not all—this beast has been on a tear, soaring 18% over the last week from a mere $272. Talk about a meteoric rise!

The crypto world's buzzing, and it's not just Aave. Bitcoin's (BTC) been smashing all-time highs left and right, pushing the whole market into a bullish frenzy. And Aave? They're riding that wave hard, with their stablecoin adoption growing like wildfire. They're not just sitting pretty; they've got big plans to turbocharge their stablecoin ecosystem even more.

Just yesterday, July 10, Aave dropped a bombshell with their monthly funding update. They're making moves, folks—consolidating their treasury funds straight onto the Ethereum network. That's right, they're gearing up for a massive push on incentives, buybacks, and all-out growth.

Aave Grabs 5% of Stablecoin Lending Market

But wait, it gets even juicier. Aave's not just playing; they're dominating. They just launched a $1 million stablecoin bonanza through their AHAB program, cranking up the stablecoin adoption to the next level. And guess what? According to crypto guru Leon Waidmann, Aave now holds a whopping 5% of all stablecoin lending supply. That's right, they're crushing it—outpacing all those CeFi lenders combined. Decentralized lending is where it's at, and Aave's leading the charge.

Did you realize AAVE alone now holds 5% of stablecoins?

Yep, that's more than all CeFi lenders combined.

The shift isn't coming, it's already here.

Whales? They're all over this like sharks on chum. Nansen's data's showing massive whale accumulation, while Santiment's numbers are screaming that the supply of Aave on exchanges just plummeted to 2.9 million—the lowest since February 2021. That's right, investors are snatching up these tokens and stashing them away in self-custodial wallets for the long haul.

And the Aave network's total value locked? It's exploding. From $25 billion in June, it's now rocketing to $28.9 billion. They've already smashed last year's December highs of $22 billion back in April 2025. This isn't just growth; it's a full-on adoption explosion for this Ethereum-based DeFi lending powerhouse.