AAVE Token Surges 12% Amid Grayscale ETF Filing, SEC Update, and Major DAO Funding Proposal

AAVEUSDT has experienced notable price appreciation in the last 24 hours, with the current Binance price at 126.33, up 12.46% from a 24h open of 112.33. This surge appears closely tied to recent governance developments and market news: Grayscale’s filing for a spot AAVE ETF and the SEC’s conclusion of its investigation without enforcement action have boosted investor confidence. Additionally, Aave Labs’ proposal to direct all protocol revenue to the DAO and their request for $50 million in funding have sparked active community engagement, potentially driving further market interest. The launch of Aave V3 on Mantle Network with incentive programs and significant USDT inflows are also contributing factors. AAVE currently holds a market cap in the $1.68–$1.916 billion range, with strong trading volume reported across multiple sources.