Aaf [$AAVE] no longer grows solely through deposits and lending activities; they also build new revenue streams. With the launch of Aave’s Global Dollar Hub and an increase in user activity, the project is gaining momentum again.
Aave DAO’s swap revenue exceeds $1 million!
Aave DAO’s swap revenues have surpassed $1 million since the launch of Aave Will Win. Cumulative expected partner fees increased from April onwards, with a jump around early June and continued growth throughout the month.
The majority of this revenue comes from Ethereum [ETH]while Arbitrum [ARB] and a few other chains have also added smaller contributions. Interestingly, this gives Aave a different revenue stream than the usual AUM-based fees of the credit markets.
With more features planned – including leverage tools, deal builder support, and V4 support in Aave Pro – this revenue base could continue to grow.
The growth of new wallets continues $AAVE‘s price
In addition, Aave’s activity in the chain has also increased. Around the launch of its V4 Global Dollar Hub, $AAVEThe company’s price rose from nearly $72 to around $95 before falling back to $85.
What’s notable, however, is that user growth hasn’t faded with price. New $AAVE By June 30, addresses reached 1,806, well above the usual spring pace of about 200 per day.
The growth in the number of new addresses was also well above the baseline this week. The number of active addresses was even above 2,200 and at a highest level of 3,144.
$AAVE remains above the pullback zone
Here’s a bit of balance in this story. After the move towards the $95-$100 area, $AAVE fell below $90 on the charts.
However, the token has not completely lost its pace either. At the time of writing, the price was trading around $87, with a small recovery.
The RSI was at 58, so the rally was no longer overheated. There seemed to be some strength left. The CMF was also positive at 0.10, indicating some buying interest.
Final summary
- Aave DAO has surpassed $1 million in swap revenue and added a new revenue mode.
- $AAVE‘s price hit the brakes in the charts, but new addresses also reached 1,806.