aave

Aave founder Stani Kulechov posted that Aave is expanding its business boundaries from crypto assets to traditional assets, launching securities collateral loans and securities lending services.Aave executive Luigi D'Onorio DeMeo pointed out that the global securities lending market has a borrowing scale of approximately $4.6 trillion and annual revenue of about $35 billion, but most of the profits are captured by brokers and platforms (such as Robinhood, Schwab), and users typically only receive a small percentage of the lending fees.Aave plans to allow users to directly tokenize stocks (such as AAPL, TSLA) on-chain as collateral or lending assets through V4, earning the full lending rate, and providing advantages such as real-time transparent pricing, no re-collateralization, and no intermediary cuts, in order to compete for market share in the traditional securities lending market.

Aave founder Stani Kulechov responded to reports regarding Kraken's parent company Payward's intention to acquire a 15% stake in the Aave protocol, stating that AAVE "cannot be sold at a 70% discount." Previously, CoinDesk reported that Payward was negotiating to acquire a 15% stake in Aave at a valuation of $385 million. Based on this valuation, it would only correspond to about 30% of the fully diluted valuation of AAVE tokens, which is significantly lower than the market valuation.Kulechov stated on X that the reports were not accurate. He did not completely deny that Aave Labs might sell some of its held AAVE tokens, but he mentioned that Aave Labs does indeed hold a certain amount of AAVE and that several market participants have discussed purchasing through direct or indirect means or engaging in deeper cooperation around long-term partnerships. Aave is the largest decentralized lending protocol in the Ethereum ecosystem. Kulechov stated that Aave currently has an annual revenue of approximately $134 million, with the related revenue flowing to Aave DAO. He had previously proposed a governance plan to redirect Aave Labs, protocol, and product revenues to Aave DAO and token holders.At the time of this rumor, Aave was experiencing some pressure. After the Kelp DAO incident in April, Aave's TVL significantly declined. Although Aave itself was not directly attacked, the KelpDAO cross-chain bridge attackers had used Aave to convert the stolen rsETH into other assets.

Standard Chartered stated that Aave could rise 50 times to $3,500 by 2030. The bank expects that as DeFi assets grow 37 times and tokenized finance goes on-chain, Aave will benefit.

According to The Block, the mGLOBAL security token launched by Midas has been integrated into the Aave institutional lending market Aave Horizon, allowing holders to use mGLOBAL as collateral to borrow USDC while retaining full exposure to the underlying assets.mGLOBAL tracks the Global Diversified Alternative Debt short-duration private credit portfolio managed by Fasanara Capital, which includes trade receivables and digital invoices among its underlying assets. mGLOBAL is issued by a bankruptcy-remote entity under a Luxembourg asset securitization vehicle, with net asset value calculated monthly by JTC Luxembourg.Redemption is achieved through Midas's Open Liquidity Architecture, combining 10% internal liquidity on Aave, credit lines, and OTC networks, enabling atomic redemption and destruction without the need to reserve large amounts of idle cash.

Aave founder Stani stated that he could accept the reserve requirement if the Bank of England (BoE) is willing to pay market rates on the 30% of base assets that need to be held at the central bank for systemic stablecoins. Previously, the BoE proposed that part of the reserves for systemic stablecoins should be held at the central bank to reduce risk; Stani's statement focuses on whether the passive deposit rates can cover the opportunity cost of these "locked" assets.

Aave founder Stani Kulechov stated that Aave V4 can be used to reconstruct the on-chain securities financing market. He mentioned that securities financing is one of the largest markets on Wall Street but receives relatively little attention from the outside. Securities collateralized loans have become a multi-trillion dollar business, with the U.S. repurchase market having an average daily exposure of about $12.6 trillion, secured financing reaching $1.3 trillion, wealth management securities collateralized loans exceeding $400 billion, and approximately $4.6 trillion in assets in the securities lending market being lent out, generating a record $15 billion in revenue by 2025.Aave V4, through a "liquidity hub + modular market" structure, allows for shared liquidity at the underlying level while setting up segmented markets with different risk parameters, asset ranges, and rules at the upper level. Aave V4 can support three core securities financing scenarios: securities collateralized loans, repurchase transactions, and securities lending. Tokenized securities can be used as collateral to borrow GHO or stablecoins; repurchase transactions can borrow stablecoins using tokenized securities as collateral and achieve atomic settlement; in securities lending, the tokenized securities themselves can become borrowable assets, with lending income flowing directly to asset holders.Stani indicated that Aave V4 could adopt a single shared liquidity hub or split multiple hubs by asset class and risk. The former has deeper liquidity, while the latter offers stronger risk isolation. He believes that the realistic path may start with unified liquidity and, as the types of collateral expand, gradually evolve into a multi-hub structure categorized by asset class and risk.

Aave experienced approximately $8.45 billion in fund withdrawals after the KelpDAO's rsETH cross-chain bridge was attacked in April 2026, but the core functions of the protocol did not fail, successfully completing one of the largest liquidity stress tests in DeFi to date. This crisis originated from the attack on KelpDAO's LayerZero cross-chain bridge, resulting in approximately $292 million in rsETH being stolen, raising concerns in the market about the collateral value and solvency of rsETH.As rsETH is widely used as collateral in protocols like Aave, the risk quickly spread, leading to concentrated withdrawals by users, with some market utilization reaching 100% at one point, causing some users to be unable to withdraw funds immediately. In the face of liquidity tightening, the Aave risk management team initiated emergency freeze and parameter adjustment mechanisms to limit the spread of risk.Aave founder Stani Kulechov viewed this incident as proof of the maturity of DeFi, believing that the protocol continued to operate as designed under extreme pressure, demonstrating the resilience of an on-chain transparent, rules-driven system. However, several independent analysts pointed out that while Aave avoided a systemic collapse, the event exposed that the DeFi lending system still has concentration risks, liquidity risks, and contagion risks arising from high interconnectivity between protocols. The behavior of large borrowers could have an impact on the overall stability of the system that exceeds model expectations.Aave currently controls risk through multiple protective measures such as loan-to-value (LTV) limits, liquidation thresholds, supply caps, borrowing limits, Isolation Mode, E-Mode, and governance mechanisms. These mechanisms played a role during this crisis, but observers believe that the governance response speed and risk models still need further optimization to cope with future unknown systemic shocks.Analysis suggests that this incident indicates that DeFi protocols can withstand large-scale runs without external assistance, but a single stress test cannot fully prove system safety. As the composability between protocols continues to strengthen, an issue with an external asset or cross-chain bridge could still quickly evolve into a liquidity crisis for the entire ecosystem.

Grayscale Research released a report stating that it believes the fair value of the AAVE token could rise to around $175 within a year, with the current price of $75 being undervalued.The report pointed out that DeFi protocols have generated nearly $25 billion in fees since 2023, becoming an asset class that produces real income. Grayscale categorizes crypto assets on a spectrum from pure commodities to cash flow-driven assets, with AAVE, UNI, and SKY being closer to cash flow assets. The report noted that Aave's protocol revenue has grown over 6.6 times in the past three years, with an operating profit margin of about 50%. The report expects Aave to earn about $60 million in revenue by 2026, and based on a fintech company price-to-earnings ratio of 20-25 times, the current fair value market cap is estimated at $1.2-1.5 billion, corresponding to a token price of $80-100. If regulatory clarity accelerates the adoption of tokenized assets, the fair value of AAVE could rise to $175 within a year.Grayscale also pointed out that the accumulation of DeFi value is usually achieved through burning, buybacks, rebates, and staking, and that protocol revenue alone is insufficient to determine token value.

Grayscale Research's latest report shows that Aave, as the leading protocol in the DeFi lending space, currently has a reasonable valuation range for the AAVE token of $80 to $100.The report points out that Aave's protocol revenue is expected to grow more than 6.6 times from 2023 to 2025, with an operating profit margin of about 50%, and there is still room for further improvement as the scale expands. The Aave DAO treasury has reached a maximum of $360 million, providing ample capital for the protocol's development.Grayscale believes that the current price of AAVE at around $75 implies an annualized growth rate of about 9% over the next 10 years, which is a relatively conservative expectation. If Aave can achieve an annualized growth rate of 25%, the corresponding price could reach $227; if it reaches 35%, it could reach $444.However, the report also emphasizes that Aave's future performance will still depend on the competitive landscape of DeFi lending, regulatory clarity, and the advancement of stablecoin and RWA tokenization businesses.

According to on-chain analyst Yu Jin (@EmberCN), a giant whale address has increased its holdings after the recent rebound of ETH, borrowing 9,000 ETH from Aave and transferring it to Binance, and then withdrawing 16.37 million USDT to complete the selling operation. Currently, this address has shorted a total of 44,000 ETH (worth approximately 78.89 million USD), with an average short price of 1,702 USD. As the price of ETH rises, the current unrealized loss is approximately 3.08 million USD.

According to monitoring by Lookonchain, as the market rebounds, a certain whale has once again borrowed 19,000 ETH (approximately 33.48 million USD) from Aave for sale today.This whale has currently borrowed a total of 44,389 ETH (approximately 80.56 million USD) from Aave for sale and may sell more in the future.

The founder of the decentralized lending protocol Aave, Stani, posted on the X platform stating that the "Spokes" mechanism in Aave V4 will become a key architecture for the protocol's expansion, enabling quick access to diverse lending and financial scenarios.

According to Yu Jin monitoring, a still-active Ethereum 1CO whale borrowed 10 million USDe from Aave 2 hours ago and purchased 5,817 ETH at an average buying price of about $1,719. Currently, this whale has collateralized approximately 147,000 ETH on Aave and Spark, worth about $253 million, and has borrowed about $276 million in stablecoins. Its current liquidation price is approximately $1,432.

According to on-chain analysts, a certain whale withdrew 45.495 million USDT from Binance three and a half hours ago, then staked it into Aave and borrowed 10,000 ETH to short sell, worth approximately 17.25 million dollars. Currently, this whale has staked a total of 156 million dollars in stablecoins, borrowed 35,388.4 ETH, with an average selling price of 1,682.14 dollars, and is currently facing an unrealized loss of 1.098 million dollars. Liquidation will be triggered when the ETH price rises to 3,453.36 dollars.

According to on-chain analyst Yu Jin's monitoring, in March, the attacker of the Venus THE collateral liquidation event sold 1,912 ETH for 3.26 million USDT one hour prior, to repay their loan on Aave. This loan was used to borrow collateralized ETH in March to manipulate the collateral liquidation of THE on Venus. Currently, they still have 6.78 million USDT outstanding on Aave.

According to on-chain analyst @ai_9684xtpa, an address (0x157...eF5da) sold 3,000 ETH at a price of $1,658.68, worth $4,980,000, 10 hours ago.The ETH held by this address can be traced back to 3 years ago, having been mostly staked in DeFi protocols like Aave to earn yields.

According to Onchain Lens monitoring, the U.S. government has transferred $215,673 in assets from the seized FTX/Alameda funds again (a total transfer of $983,696 over nearly 9 hours), including LINK, AAVE, CHZ, and BAL.

According to on-chain analyst Ai Yi's monitoring, the giant whales short-selling ETH by borrowing coins have begun to take profits. From June 8 to June 9, they cumulatively pledged 132 million stablecoins and sold 35,000 ETH at an average price of $1,672.Two hours ago, they withdrew 7,000 ETH from Binance for the first time and repaid an Aave loan, realizing a profit of $190,000, with 28,000 ETH still outstanding.