AAVE price rises by 27% to $220 following tokenomics plans announcement. Market cap reaches $3.3 billion. Daily trading volume doubles. Whales and smart investors showing interest.
After announcing plans to revamp its tokenomics, AAVE surged by 27% to $220, bringing its market value back to $3.3 billion. AAVE’s daily trading volume doubled to over $850 million, while its open contracts in the futures market increased by 48%. This increase came after Marc Zeller, founder of Aave Chan Initiative, called for community support for a proposed income reallocation for AAVE, concluding the smart contract LEND and enhancing liquidity management for users. Additionally, Aave’s recent integration with Sonic, a high-speed EVM-based blockchain, raised Sonic’s total locked value to $33 million. Chain data shows whales and smart investors are paying attention to AAVE, with significant purchases and net inflows from smart wallets.
