AAVE Price Eyes $110 as Aave V4 Prime Reaches New Milestone

The AAVE price is gaining attention as its underlying protocol continues to strengthen despite broader market uncertainty. Aave V4 Prime has reached a new milestone, with active loans exceeding $4 million, marking an all-time high.

This growth can be attributed to the product's appeal, particularly its features such as no collateral rehypothecation and USDC borrow incentives. Co-founder Stani Kulechov noted on August 3 that users are drawn to these benefits.

Aave's ecosystem activity continues to expand beyond Prime Loans. WalletConnect's data showed tens of billions flowed into Aave through its network, indicating both institutional and retail users utilize the platform despite market volatility.

The AAVE price is attempting to reflect this momentum, trading above its 50-day EMA with a narrowing gap between the 50-day and 200-day EMAs. If buying demand continues strengthening, a future bullish crossover could develop, placing the $110 level in focus.