Aave Gobbles 20% of DeFi TVL as Token Soars Past $260—Traditional Finance Left Scrambling

Aave’s dominance hits a staggering 20% of DeFi’s total value locked—proof that yield-hungry investors would rather trust code than Wall Street’s ’risk models.’

The protocol’s token breaches $260, defying the usual post-rally slump. Turns out, money markets work better when they cut out the middlemen.

Meanwhile, legacy banks still charge you $35 for overdrafts while offering 0.01% APY. Priorities.

At 74.6, the relative strength index indicates an overbought situation. Momentum indicators, like the MACD, are still in the “Buy” territory. AAVE is riding the upper band in the Bollinger Bands, which is usually a continuation sign during a strong rally. Recent sessions have seen an increase in volume, which supports the move. 

As long as AAVE remains above the 20-day simple moving average at $214, the bullish trend might continue. A break above $271, the upper Bollinger Band, could open the door for further gains toward the $300 mark, even though overbought conditions suggest a short-term pullback is also possible.