AAVE price prediction: 28% surge likely after hitt

AAVE aave-1.99%Aave soared to $312 as network growth accelerated. Data shows that the total value locked on the network jumped to a high of $27.5 billion, up from the April low of $16 billion.

The total borrowed amount rose to $17.5 billion, up from $10 billion on April 13, a sign that the protocol is gaining traction.

AAVE’s fees have also jumped in the past few months. It generated $40 million in May, up from $33 million in April. Most notably, cumulative revenue crossed the key resistance level at $210 million and reached $211.7 million.