Aave Surges 24% on Strong DeFi Growth and Bullish Technicals

Aave (AAVE) has surged past $323, marking more than 24% growth over the past month, fueled by strong on-chain activity, expanding DeFi usage, and favorable technical indicators. Analysts highlight that AAVE is currently testing significant resistance levels, and a breakout could open the door to $370–$380 in the near term. With a relative strength index (RSI) of 64 and a golden cross from earlier in the year, the technical outlook remains bullish. In July, Aave saw a 55% increase in net deposits to $60 billion and a 47.5% rise in total value locked (TVL), driven largely by liquid staking tokens on Coinbase’s Base network. Aave now represents 28% of all DeFi TVL, facilitating $16.4 billion in loans and generating $223 million in revenue this month [1].

Meanwhile, Pi Network (PI) has climbed 17.6% over the past week, reaching $0.3971 after fluctuating between $0.3776 and $0.4025 in the last 24 hours. The uptrend began on August 7, with PI rising from $0.335 to $0.375 before spiking above $0.45 on August 10. The network’s mobile-first mining model allows users to earn coins on smartphones without relying on expensive hardware, attracting a large and growing user base. The recent integration with Ethereum opens new avenues for DeFi and NFT participation, while the launch of the Fireside Forum app aims to foster engagement through rewarded community interaction. The project’s accessibility and decentralized appeal are driving interest among both retail and institutional investors [2].

BlockDAG’s presale has reached $374 million, with its native token, BDAG, priced at $0.0276 in Batch 29. The project’s Dashboard V4 has become a key component of its strategy, offering presale participants a dynamic platform with real-time price tracking, personal wallet overviews, and live order books. The mining ecosystem is equally robust, featuring mobile and hardware options such as the X1, X10, X30, and X100 miners, which project daily earnings of up to $100 based on launch pricing. A referral program offering 25% BDAG rewards to referrers and 5% to new participants is accelerating community growth, with over 2.5 million active mobile miners already on board [3].

The crypto market is currently witnessing a shift toward projects that combine strong fundamentals with innovative engagement tools. While Aave and Pi Network focus on liquidity and accessibility, BlockDAG is building a platform designed for long-term scalability and participation. With Aave poised to test key resistance levels, Pi benefiting from its mobile-first approach, and BlockDAG securing substantial presale funding, the next phase of crypto growth appears to be driven by infrastructure and community-driven models.

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[1] title1.............................(https://coinmarketcap.com/community/articles/68a138b968c9d7798de747a2/)