AAVE, a leading decentralized finance (DeFi) protocol, surged 19% to $355.29 in a single day, outpacing the top 40 cryptocurrencies. This sharp increase came amid several key developments, including Aave’s launch on the Aptos blockchain, Federal Reserve Chair Jerome Powell’s dovish remarks, and renewed investor interest in its exposure to the stablecoin market. The launch on Aptos marks Aave’s first deployment on a non-EVM (Ethereum Virtual Machine) blockchain, representing a major step in its multichain strategy. By expanding beyond Ethereum-compatible chains, Aave aims to diversify its infrastructure and reach a broader user base, particularly in fast-growing DeFi ecosystems. At launch, Aave supports native USDC, USDT, APT, and sUSDe on the Aptos chain, with Chainlink Price Feeds integrated to provide oracle-secured markets. The Aptos Foundation is also offering liquidity incentives and rewards to boost adoption and engagement [2].

Aave’s move to Aptos is part of a broader strategy to increase its presence across multiple blockchain networks, enhancing accessibility and liquidity for users. The Aptos network, known for its high transaction throughput and low latency, is built using the Move programming language, a Rust-based smart contract framework. Aave’s integration into Aptos required a complete reimplementation of Aave V3 in Move, along with the development of a new front-end and SDK. The protocol underwent rigorous security assessments by multiple firms, including Zellic, Ottersec, SpearBit, and Certora. A bug bounty program worth $500,000 in Aave’s GHO stablecoin has also been launched to further strengthen security. This strategic shift is intended to position Aave as a key liquidity engine for Aptos, particularly in its growing stablecoin and liquid staking token (LST) markets [3].

The integration with Aptos is expected to unlock new opportunities in collateral markets, especially in the LST space. Only 8.1% of APT tokens are currently held in LSTs, compared to 76% directly staked, indicating a large untapped potential for growth. Aave and the Aptos Foundation view this as a significant opportunity to deepen borrowing and lending activity on the blockchain. Additionally, the launch is expected to benefit from the existing momentum in the stablecoin market on Aptos, which saw its market cap increase from $627.8 million to $1.27 billion in early 2025. Aave’s arrival could further accelerate this trend, offering users and institutions a trusted platform for earning yield and borrowing against their assets. The move is also aligned with Aave’s broader mission to provide decentralized, non-custodial financial services, leveraging open-source, community-governed infrastructure [5].

In the broader DeFi landscape, Aave remains a dominant player, managing over $70 billion in net deposits across multiple chains. Its governance model, driven by AAVE token holders, ensures a transparent and community-led approach to protocol development. The launch on Aptos is seen as a milestone not only for Aave but also for the Aptos network, which is positioning itself as a high-performance blockchain for digital finance and real-world asset tokenization. The collaboration with Aave is expected to bring increased liquidity and activity to the platform, potentially boosting its total value locked (TVL) and user base. Aaptos is also leveraging Aave’s market-leading position in DeFi to attract developers and institutional participants, with the aim of fostering a more robust and diverse ecosystem [2].

The surge in Aave’s price occurred amid a broader positive sentiment in the cryptocurrency market, driven by Powell’s dovish comments during his recent testimony before Congress. Investors interpreted the remarks as a sign that the Federal Reserve may adopt a more accommodative stance, potentially benefiting risk assets like crypto. Additionally, Aave’s renewed exposure to the stablecoin market, particularly through its integration with platforms like MetaMask Earn and Kraken via Ink, has attracted renewed interest from both retail and institutional investors. These developments, combined with Aave’s expanding multichain strategy, have reinforced its position as one of the most influential DeFi protocols in the space [4].

Source: [1] Aave (https://aave.com/) [2] Aave launches on Aptos in first non-EVM deployment as … (https://www.theblock.co/post/367769/aave-launches-on-aptos-in-first-non-evm-deployment-as-part-of-multichain-strategy) [3] $70B DeFi protocol Aave goes live on Aptos in ecosystem … (https://cointelegraph.com/news/aave-goes-live-on-aptos-ecosystem-expansion) [4] Aave Expands to Aptos in First Move Off Ethereum (https://thedefiant.io/news/defi/aave-expands-to-aptos-first-move-off-ethereum-2ae1f9f6) [5] Aave Debuts on Aptos in First Non-EVM Deployment (https://finance.yahoo.com/news/aave-debuts-aptos-first-non-161029881.html)