Aave just crossed $1M in swap revenue, but HERE’s what you’re missing
Aave is expanding beyond its core lending and deposit services, establishing new revenue streams. The launch of its Global Dollar Hub and increased user activity have driven momentum. Notably, Aave DAO's swap revenue has surpassed $1 million since the launch of "Aave Will Win," with Ethereum being the primary contributor. This provides a new income source alongside traditional lending fees, and future features like leverage tools could further boost this growth.
On-chain activity surged around the V4 Global Dollar Hub launch, briefly pushing the AAVE token price from ~$72 to ~$95 before settling near $87. Importantly, user growth remained strong despite the price pullback, with new addresses reaching 1,806 on June 30th—far above typical daily levels—and active addresses peaking at 3,144. Technical indicators like an RSI of 58 and a positive CMF suggest some underlying market strength remains.
ambcrypto07/03 07:34
