Aave Net Deposits Hit $60 Billion as TVL Surges 45%

Aave (AAVE) has shown resilience near the $265 level after a recent correction, with net deposits in the protocol crossing a historic threshold of $60 billion. This marks a significant milestone as Aave becomes the first decentralized finance (DeFi) platform to achieve this figure, highlighting strong user demand and confidence in its lending and borrowing infrastructure [1]. Net deposits are calculated as the difference between total supplied and borrowed assets, and a positive number reflects net lending activity, which is seen as a positive sign for the protocol's health.

On-chain metrics further reinforce this narrative. Aave’s Total Value Locked (TVL) surged by over 45% between early July and mid-August 2025, increasing from $24 billion to $34.9 billion. Network fees also rose from $48 million in June to $65 million in July, indicating heightened borrower activity and protocol usage. These figures suggest that Aave is not only attracting capital but also generating increasing transactional volume, a key indicator of user engagement [1].

The platform also made a key development announcement on August 6, releasing its V3 developer toolkit. The new suite includes React hooks, software development kits (SDKs), and application programming interfaces (APIs), allowing for more flexible integration of Aave’s lending and yield generation features. This update is expected to lower the barrier for protocols looking to deploy lending vaults with custom risk parameters, supporting a more modular and innovative DeFi ecosystem [1].

Despite this robust on-chain performance, market activity has shown signs of caution. Aave’s spot trading volume fell by 13% in the 24 hours leading up to August 7, 2025, to $297 million. Derivatives trading volume also declined by 19.3%, reaching $503.6 million. However, open interest increased by 4.1% to $561.9 million, suggesting that leveraged positions are being added, a common precursor to a potential price breakout [1].

Technically, Aave appears to be consolidating near key support levels. The Moving Average Convergence Divergence (MACD) is currently in bearish territory at -9.31, while the Relative Strength Index (RSI) is neutral at 43.3. The 100- and 200-day Simple Moving Averages (SMAs) remain in buy zones, but shorter-term indicators, including the 20-, 30-, and 50-day Exponential Moving Averages (EMAs), are showing bearish signals. The Awesome Oscillator and Stochastic RSI remain neutral, though momentum is beginning to tilt in a bullish direction [1].

A critical technical level to watch is $280. A breakout above this price would likely trigger further gains toward the next resistance between $310 and $315. Conversely, a breakdown below the lower Bollinger Band, combined with rising sell-side volume, could push the price toward a retest of the June lows near $230. Maintaining stability between $250 and $255 is essential for preserving the current consolidation pattern [1].

Aave’s price has gained 3% over the past 24 hours but has fallen 6% over the last 30 days. While the market remains in a cautious phase, the significant rise in net deposits and TVL indicates that Aave is continuing to attract capital and maintain its position as a leading player in the DeFi space [1].

Source:

[1] Aave Net Deposits Cross $60B—Aave Price Breakout? (https://crypto.news/aave-net-deposits-cross-60b-aave-price-breakout-2025/)