As a leader in the DeFi lending space, AAVE currently holds 67% of the market share. Let's delve into the development prospects of this project in the current market environment.



From historical data, AAVE generated an annual revenue of $343 million during the bull market in 2021, and its token price reached a historical high of $666. As of 2024, AAVE's revenue is already close to $320 million. If we project this year's total revenue based on last October's monthly income of $32 million, it is very likely to surpass historical records.

However, despite the impressive revenue performance, the current price of AAVE is only $256, which is still about 60% lower than its historical peak. This mismatch between revenue and price may indicate that AAVE has significant room for growth, with potential upside of around 3 times.

Further analysis of other indicators reveals that:

1. The market capitalization to fully diluted valuation (MC/FDV) ratio of AAVE is close to 0.94, indicating that its tokens are near full circulation, and it is unlikely to experience significant price pressure from large-scale unlocks in the future.

2. The market cap to total value locked (MC/TVL) ratio is 0.16, which is relatively low and may suggest that AAVE is currently undervalued. It is recommended that investors compare it horizontally with other Decentralized Finance projects.

In addition to data indicators, some recent positive news is also worth paying attention to. For example, AAVE is considering integrating BlackRock's tokenized fund BUIDL into its GHO stablecoin module, which could diversify AAVE's revenue sources and increase its exposure to real-world assets (RWA).

From a technical perspective, AAVE has recently experienced a certain degree of pullback. For investors looking for entry opportunities, it may be a good idea to pay attention to the EMA200 on the daily chart. If the price retraces to this level and shows oversold signals, it could be a better buying opportunity.

Overall, AAVE has shown good potential in terms of market share, revenue growth, and valuation. However, investment decisions still need to be made in conjunction with individual risk preferences and portfolio management strategies. It is particularly important to remain cautious and rational in the volatile cryptocurrency market.
DEFI1.66%
AAVE-0.69%
RWA5.26%
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CafeMinorvip
· 08-03 22:47
Don't hesitate, just buy the dip.
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LuckyBlindCatvip
· 08-02 15:19
How much more can it fall? It's time for Margin Replenishment.
View OriginalReply0
SnapshotLaborervip
· 08-02 09:52
It's stable. Now it's just one word: copy.
View OriginalReply0
SadMoneyMeowvip
· 08-02 09:52
I am just waiting for Aave to fall so I can buy the dip.
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RooftopReservervip
· 08-02 09:51
Didn’t buy during the bull run, now you want to increase the position, right? Regretting it now?
View OriginalReply0
ShamedApeSellervip
· 08-02 09:50
AAVE good opportunity ah quick enter a position
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GhostChainLoyalistvip
· 08-02 09:40
AAVE bull market, all in and no losses.
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