Interest in AAVE, which experienced billions of dollars in outflows following the KelpDAO attack in April, continues to grow.
At this point, AAVE has recently managed to get on the radar of corporate companies, and has also experienced a huge surge in the number of new wallets.
Cryptocurrency analytics platform Santiment has reported that the DeFi lending protocol Aave (AAVE) has reached its highest daily number of new wallets since 2021. According to Santiment, this signals a recovery in DeFi.
According to data shared by Santiment, the number of wallets opened on Aave on the Ethereum network on June 30th reached 1806. This was the highest daily number of wallets recorded since October 2021.
Santiment stated that it sees this increase in AAVE as a sign of new participants entering the DeFi ecosystem.
The firm stated that, from a price perspective, this is the kind of signal investors want to see as July begins.
“…Last week, AAVE, ranked 46th by market capitalization, experienced a 23% increase.”
Furthermore, the emergence of new wallets at this rate indicates growing interest in AAVE and supports its price momentum. If this new participation translates into deposits, borrowing demand, and protocol revenue, AAVE could be poised for an even stronger recovery in the second half of 2026.”
Despite falling approximately 2.4% in the last 24 hours, AAVE has gained about 13% in value over the past week. Having approached $100 last week, AAVE was negatively impacted by the sharp drop in Bitcoin and fell to around $86.
As expectations for AAVE continue to grow recently, Standard Chartered and Grayscale have also issued bullish forecasts for the company. Accordingly, Standard Chartered predicts that the AAVE price could reach $3,500 by 2030, while Grayscale forecasts it could reach $175 within a year.
*This is not investment advice.
