Aave protocol TVL has hit a new high, but the price is still far from ATH

BlockBeats reported that on December 12, DeFiance Capital founder and CIO @Arthur_0x posted on social media that many indicators of the Aave protocol have hit new highs, but the price of the currency is currently only 50% of the price during the ATH period. Compared with 2021, the total supply of stablecoins is also significantly higher, which also provides momentum for DeFi, and the price of AAVE is expected to be pushed higher.

According to DeFiLlama data, Aave's current TVL is higher than the last bull market in October 2021, setting a record high of US$38.6 billion. The annual revenue of the protocol is estimated to be US$117 million.

According to CoinGecko data, AAVE is currently trading at $355, up 28.7% in 24 hours, up 87.5% in the past 30 days, and up 283.6% in a year. However, it still needs to rise by 86.197% compared to its historical highest price ($661.69). In addition, AAVE's market value is currently trading at $5.327 billion, and it still needs to rise by 49.296% to reach its historical highest record ($7.953 billion).