Aave (AAVE) no longer grows only through deposit and lending activities; they also create new revenue streams. With the launch of Aave’s Global Dollar Center and an increase in user activity, the project is gaining momentum again.
Aave DAO’s swap revenue exceeded $1 million!
Aave DAO’s exchange income passed $1 million since Aave Will Win’s launch. Expected cumulative partner wages have increased since April, with a jump in early June and continued growth throughout the month.
Most of this income came from here Ethereum (ETH)during Arbitrage (ARB) and several other chains also added smaller contributions. Interestingly, this gives Aave another revenue stream beyond the usual AUM-based fees it receives from lending markets.
With more features planned including leverage tools, transaction builder support, and V4 support Ghost Pro – this revenue base can continue to grow.
New wallet growth surpasses AAVE’s price
Beyond that, Aave’s on-chain activity jumped more. During the launch of the V4 Global Dollar Center, the price of AAVE rose from approximately $72 to $95, then dropped to $85.
But what was notable was that user growth did not decrease with price. New AAVE addresses reached 1,806 on June 30; This was well above the average daily rate of around 200 in the spring.
New address growth was also well above its initial level throughout this week. In fact, active addresses were over 2,200 with a high of 3,144.
AAVE holds above retracement zone
There is some balance in this story. After the move towards the $95-100 region, AAVE fell below $90 on the charts.
However, token He didn’t exactly lose his tempo. It was trading around $87 at the time of writing, with a small recovery attempt.
The RSI was at 58, so the rally was no longer overheating. It looked like there was still some power left. CMF was also positive at 0.10, indicating some buying interest.
Final Summary
- Aave DAO surpassed $1 million in exchange revenue by adding a new revenue mode.
- AAVE’s price hit the brakes on the lists, but new addresses also reached 1,806.
