AAVE Token Surges 9% as V4 Launch Drives $10M Deposits and Institutional Interest on Ethereum

Aave (AAVEUSDT) experienced a 9.28% price increase in the past 24 hours, with the current price at $94.31 on Binance, attributed primarily to heightened trading activity following the launch of Aave V4 on the Ethereum mainnet. The upgrade introduced modular architecture and expanded liquidity features, resulting in increased institutional interest and deposits exceeding $10 million since launch. Despite recent governance changes, including the departure of Chaos Labs from risk management roles, Aave Labs has reaffirmed leadership continuity and development support for V4. Market metrics show robust trading volume and liquidity, with 24-hour volumes notably elevated and a market capitalization near $1.45 billion, indicating strong investor engagement and higher on-chain activity.