Aave Dao has bought 70,000 Aave -Tokens back, or 0.5% of its total stock, in less than six months of his token return initiative.
In a post of 4 August on X, Defi Analysis Platform Token Logic stated That the platform has taken over these tokens for $ 15.7 million at an average purchase price of $ 223.33 per token.
The platform also stated that the Defi protocol has a non -realized profit of $ 2.6 million on the basis of the current market price of the Aave -Token.
Mark Zeller, the co-founder of Aavechan, confirmed The milestone in a separate X post, pointing that the DAO has also reduced emissions by 50%, which increases the attraction of Aave and the platform.
In the meantime, the return program is going on, where the DAO invests around $ 1 million every week to buy back a tokens.
Aave strengthens the Defi growth
The return initiative is in line with Aave’s wider growth strategy to cement its status in the Defi sector.
Last month, the $ 50 billion in net deposits surpassed and positioned it under the top 50 banks in the US.
The protocol also accounts for around 25% of the total Defi market, given the total value of assets that is locked on the platform, according to Defillama around $ 33 billion is from the moment of press facts.
In addition, Seb Pulido, director of Institutional & Defi Business at Aave Labs, marked The size of Aave’s dominance by pointing out that about 60% of Bitcoin users use Defi Aave to gain access to dollar-connected assets.
This impressive position has considerably strengthened Aave’s financial position.
Crypto platform blocks noted That Aave $ 86 million generated in 2024, an increase of 280% on an annual basis.
However, the platform is ready to surpass that figure this year, since the income on an annual basis of around $ 100 million from mid -2025 on an annual basis.
In anticipation, blocmate predicted that the annual recurring income of Aave (ARR) could exceed \ $ 150 million by the end of the year.
This growth is expected to be powered by the upcoming projects of the protocol, including Aave V4, the full deployment of the SVR of Chainlink and the increased regulatory clarity in the US.
