Aave Surges Past $30B in Deposits, Eyes $230 Price Target

The decentralized finance space is experiencing a resurgence of capital, which has contributed to Aave's growing momentum. According to recent data, total deposits in Aave have reached $30.16 billion, representing a 30% increase from July 1.

This surge in deposits indicates improved liquidity within the protocol and bolsters the overall bullish trend for Aave.

From a technical standpoint, AAVE has broken through an important resistance range and is heading towards its recent highs.

The current price of AAVE stands at $141.58, with a market capitalization of $2.18 billion and a 24-hour volume of $828 million.