AAVE Crypto Jumps +12.5% as Bitcoin Bounce Sparks Fresh Bull Market
AAVE crypto asset is on the rise, driven by the Bitcoin surge, a $50M buyback initiative, and the expansion of the GHO stablecoin. Can AAVE/USDT hit $400? After a significant drop in prices during Q1 2025, bulls are now entering the crypto market, which saw the DeFi coin plummet to as low as $110 in April 2025.
Aave operates as a decentralized platform mostly on Ethereum, allowing users to lend and borrow various tokens. This DeFi marketplace has experienced rapid growth, establishing itself as the largest DeFi platform by total value locked (TVL) in just a few years. As of April 23, 2025, Aave manages more than $19 billion, marking a 7% increase over the past week, as per DeFiLlama data.
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In line with this increased demand, the AAVE governance coin has seen a 12.5% rise over the last trading day, continuing to attract more investment. At this trajectory, AAVE is evidently one of the top cryptocurrencies to consider in April 2025, likely to lead the altcoin surge in the first half of 2025.
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Can AAVE/USDT Hit $400?
The recovery of AAVE comes alongside a rebound in BTC prices, rekindling crypto holder enthusiasm for Decentralized finance and altcoins, thereby benefiting this leading cryptocurrency.
From a technical standpoint, the bears still have the upper hand following losses posted by AAVE in Q1 2025.
After touching nearly $400 in December 2024, prices declined sharply through January and March, reaching $110 by early April.
(AAVEUSDT)
Since then, AAVE/USDT has bounced back, increasing by 42% from April’s lows.
With AAVE crypto asset breaking upward and undoing losses from April 6 and 7, bulls are likely to drive prices toward $200 in the upcoming sessions.
However, the speed of this growth will depend on the Bitcoin price surge and other developments related to Aave.
Aave Buyback Initiative
A recent key factor contributing to this trend is the introduction of the Aave buyback initiative.
The community has endorsed a plan to buy back $1 million worth of AAVE weekly, intending to redistribute the tokens to stakers. This repurchase program, part of a larger “fee switch” strategy, channels protocol revenue back into the token ecosystem.
If this six-month trial continues on its current path, by next year at this time, more than $50 million worth of AAVE could potentially be acquired annually.
Such buyer interest signifies a significant change in the manner Aave rewards its stakers. With high expectations, will AAVE surpass some of the leading Solana meme coins in the first half of 2025?
Chainlink, GHO, and RLUSD Price floor
Additionally, demand is being boosted by the integration of Chainlink’s Smart Vault Revenue (SVR).
The SVR will produce millions for the platform by capitalizing on liquidations that would typically benefit MEV bots.
Smart Value Recapture (SVR) Monitoring Network launched for $AAVE‘s current application!
since april 3rd, SVR on AAVE has led to
– 63 SVR Liquidations
– Capturing $1.48M of Collateral
– To cover $1.39M of Debt
– $10.7k profit for @aave
– $5.7k profit for @chainlinkaverage… https://t.co/fQeKVOcLVR pic.twitter.com/Dt6TR5IylV
— wahndo (@Wahndo_) April 22, 2025
As there is more motivation to unlock revenue, their native stablecoin, GHO, is experiencing significant growth. Its circulating supply has increased by 400% over the year.
What a difference a year makes.@GHO is four times larger compared to last April.
Higher
— Aave (@aave) April 22, 2025
GHO is projected to enhance revenue and profits for the DAO.
Aave v3 additionally backs RLUSD, a stablecoin tailored for institutions created on the XRP Ledger and ETH.
Users now have the option to supply and borrow RLUSD, @ripple‘s institutional-grade stablecoin, through the Aave V3 ETH Core market. pic.twitter.com/miTyWpn66A
— Aave (@aave) April 21, 2025
While its crypto market capitalization is modest, its complete fiat backing, including treasuries, enhances its potential.
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AAVE Price Surging: Will AAVE/USDT Hit $400?
- AAVE price increases 12.5% in 24 hours
- Aave buyback initiative poised to enhance market demand
- GHO circulating supply growth surged 400% over the past year
- Can AAVE/USDT revisit $400?
The post AAVE Crypto Surges +12.5% as BTC Recovery Fuels New Bull run appeared first on 99Bitcoins.
