AAVE surges 16.1% as Aave launches tokenized-stock lending hub

  • Aave launched its Equities Hub through Aave V4 on Base.
  • AAVE rose 16.1% to $169.58, with a market capitalization of approximately $2.62 billion.
  • Aave is considering adding a token burn to its existing buyback program.

AAVE rose 16.1% to $169.58 on Sept. 29, lifting its seven-day gain to 18.1% and its monthly advance above 30%, according to CoinGecko data at 5:31 p.m. UTC. The move followed Aave's launch of its Equities Hub through Aave V4 on Base, where eligible users outside the United States can post tokenized Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla shares as collateral (assets pledged to secure a loan) and borrow USDC. Coinbase issues the tokenized stocks, Chainlink supplies pricing data, and LlamaRisk completed the market's risk assessment. Aave is also considering adding a token burn (permanently removing tokens from circulation) to its existing buyback program, under the broader Aavenomics 3.0 discussion. Technical analysis cited in the source places AAVE near resistance at $168-$175, with possible upside toward $180-$185 and then $326 if that range breaks, while the Relative Strength Index was 64.06 and not yet overbought.

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