The AAVE price is back on traders’ radar after rallying 15% intraday, bouncing from the long-standing $60 demand zone to trade around $75.66. The move comes as on-chain activity across the Aave ecosystem shows renewed signs of growth, with deposits rising and stablecoin supply recovering from recent lows.
It’s not often that price action and protocol fundamentals start moving in the same direction. This time, however, both appear to be pointing toward growing demand.
Aave V3 user deposits have climbed to $24.27 billion after reaching a three-month high of $46.75 billion. Meanwhile, Aave V4 has posted even stronger growth on a percentage basis.
Deposits on Aave V4 nearly tripled over the past 30 days, rising from $60 million to $183.98 million. Looking further back, deposits have surged dramatically from a three-month low of just $3.45 million.
Those figures suggest capital is steadily flowing back into the protocol despite broader market volatility.
Another important trend is emerging inside the lending market.
Total stablecoins supplied on Aave previously reached a three-month high of $16.29 billion before falling sharply. Since late April, however, stablecoin supply has recovered from $7.07 billion to $8.83 billion.
At the same time, Sonic highlighted that USDC supply APY on Aave deployed on Sonic Network currently stands at 4.20%, the highest among Aave Layer-1 deployments today.
Together, those metrics point toward increasing user participation and lending demand.
The recent rebound from the $60 support area carries added significance because the same zone acted as a launchpad during a major rally in late 2023.
For now, traders are closely watching the $80 level. If that area flips into support, higher levels near $120 and $170 could come into focus. Until then, AAVE price may continue consolidating within the broader $60 to $80 range that previously defined its trading structure.
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