Aave, one of the leading protocols in decentralized finance, has achieved new records in key financial metrics as of August 2025.
Aave's Records in DeFi
The Aave protocol registered a new all-time high total value locked (TVL) of $41.1 billion on August 24, 2025, doubling the metric in 2025 alone. As of September 1, the TVL stood at $39.2 billion. Additionally, Aave collected record monthly fees of $91.4 million in August.
Growth in DeFi Usage
The number of active loans peaked at $43 billion in August, indicating a growing interest in borrowing and elevated yields. Monthly spot trading on decentralized exchanges hit $506.3 billion, just shy of January's peak, contributing to this trading surge benefitting protocols like Aave.
Price Disconnect of AAVE
Despite reaching multiple all-time highs in fundamental metrics, the AAVE token traded at $309.84, reflecting a 22.5% discount from its December 2024 peak of $399.85. This disconnect suggests potential undervaluation of the token.
The increasing interest in decentralized finance and Aave's achievements in TVL and fees create a foundation for potential future price growth of the AAVE token.
