- About 1,806 new wallets were created on Aave, the best 24-hours network growth in nearly 5 years.
- AAVE is up approximately 12% in the 7-day week, outperforming many major cryptos.
- The amount of stablecoins in circulation reached $314 billion in mid-June 2026.
According to blockchain analytics platform Santiment, Aave recorded its largest single-day network growth on Ethereum since October 2021.
On June 30, about 1,806 new wallets were created on Aave, the highest 24-hours network growth in nearly five years. This happened even as the broader crypto market struggled, hinting that investors may be cautiously returning to DeFi instead of walking away from it.
For blockchain protocols, new wallet growth is a good sign of adoption. Price moves can be hype‑driven, but an influx of new users typically points to fresh funds coming in, wider use of the protocol, more lending and borrowing, better retention, and stronger network effects.
The increase in network activity has come with better token performance as well. AAVE is up approximately 12% over the past 7 days, outperforming many major cryptos, and the protocol now holds around $12.15 billion in total value locked (TVL).
All of this is rather notable, considering where Aave was a few months ago.
In April, the KelpDAO bridge hack set off one of DeFi’s biggest stress tests ever. Even though Aave itself wasn’t breached, the incident led to $8.45 billion in withdrawals in just two days. However, the protocol stayed open and didn’t freeze user funds, despite the massive liquidity shock. With its current performance and record growth, Aave is showing remarkable resilience.
Standard Chartered Turns Bullish on AAVE
In an interesting turn of events last week, Standard Chartered turned bullish on AAVE, stating that the token could hit $3,500 by 2030. The bank’s projection is driven by the fast rise of tokenized assets and Aave’s strong position in lending. Standard Chartered expects the amount of tokenized assets in DeFi to grow 37‑fold in the years ahead.
Speaking of DeFi, DeFiLlama’s data shows that TVL in DeFi sits at $69.38 billion, which is roughly a 38% decrease year-to-date. Still, while TVL is down, the amount of stablecoins in circulation reached $314 billion in mid-June 2026, approximately 4.4 times bigger than DeFi’s TVL.
Related: Standard Chartered Predicts Aave Could Surge 50x to $3,500 by 2030
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