Aave's DeFi Footprint Expands as Commodity Deposits Hit $133M

Aave's recovery from its June low continues to gain momentum as tokenized commodity deposits reach $133.3 million, with Aave holding $51.3 million across V2, V3, and V4.

This growth in the DeFi presence around AAVE is further supported by founder Stani Kulechov's $4.77 million liquidity deployment to Uniswap, enhancing market liquidity and deepening support for AAVE as it approaches a critical technical zone.

However, rising exchange-side supply remains a concern, with exchange reserves jumping 7.59% in 24 hours, bringing the total dollar-denominated value held across exchange wallets to approximately $415.2 million.

Despite this increase in available supply, AAVE's price strength has maintained its bullish structure, with buyers pushing through a key resistance level and leaving only a narrow gap before the next key resistance at $160.