After Aave V4 deposits surpassed $300 million, AAVE has once again attracted market attention. Coinpedia reported that AAVE rose from $88 to $96, a single-day increase of nearly 8%. In addition to the price rebound, protocol development activity, user engagement, and revenue performance have also improved recently.
V4 deposits surpass $300 million
The immediate catalyst for this surge was Aave V4 deposits surpassing $300 million. For DeFi protocols, deposit growth typically signifies increased available liquidity and reflects rising user engagement with new versions.
From a market perspective, the overall momentum of the crypto market slowed down in 2026 compared to the end of 2025, but Aave-related indicators did not weaken in tandem. The article argues that this is one of the key reasons why AAVE has re-entered the spotlight of traders.
The number of developers continues to rise
The TokenLogic dashboard shows that the number of Aave core developers increased from 10.42 in May to 15 in July. This metric tracks the number of independent contributors who consistently submit code to the Aave GitHub repository over a given period.
Meanwhile, weekly GitHub commit activity has also strengthened in recent weeks, indicating an improved pace of project progress. Such changes are typically associated with protocol upgrades, governance preparations, or a faster software release schedule.
- Number of core developers: 10.42 in May, rising to 15 in July.
- GitHub commit activity: Higher than previous levels in recent weeks.
- Reflecting direction: Increased investment in development resources and engineering.
Active users and revenue remain resilient
In addition to the development side, the number of active users of Aave V4 also continues to rise, indicating that the usage of the protocol is still expanding. The article mentions that although the market environment in 2026 is weaker than in the fourth quarter of 2025, Aave will continue to generate revenue.
Its revenue sources primarily include lending, trading, marketing activities, and revenue sharing with partners. Although the fourth quarter of 2025 remains Aave's strongest revenue period, the protocol has maintained a certain degree of operational resilience despite the overall weak market this year.
Prices face resistance after rebound.
In terms of price, AAVE has rebounded from the demand zone around $60 since early June. The article mentions that this area was also one of the starting points for the previous strong rally after September 2023.
However, the more pressing short-term focus is on the resistance levels above. The report mentions that AAVE's 200-day EMA is around $112, while horizontal resistance is roughly around $120, a range considered the main resistance area for the current rebound. If the agreement continues to grow, the price correction momentum could strengthen further; if it fails to break through, the recent rise is more like a correction within a cautious market.
