Drops 8% Amid Crypto Weakness Despite RWA DeFi Momentum
Aave , the governance token of the decentralized lender, posted sharp declines through Thursday, dropping 8% to $208. Since Monday’s $248 high, the token shed over 16%.
The DeFi bluechip token carved out consecutive lower highs and lower lows, establishing clear bearish momentum while peers advanced, CoinDesk Research’s market insight tool showed. Trading activity surged 40% above seven-day averages, signaling active repricing rather than quiet drift.
AAVE underperformed the CoinDesk 5 Index (CD5), which fell nearly 4%, underscoring the broad-based weakness.
The correction happened despite Aave posting strong growth on its institutional real-world asset lending arm Horizon. The marketplace grew above $450 million since its…
