Aave protocol TVL has hit a new high, but the price is still far from ATH

founder and CIO@Arthur_0x of DeFiance Capital posted on social media that several metrics of the Aave protocol have hit new highs, but the current price is only 50% of its ATH period price. Compared to 2021, the total supply of stablecoins is significantly higher, which provides momentum for DeFi, and it is expected that the price of AAVE will rise further.

According to DeFiLlama data, the TVL of Aave has now surpassed the previous bull market in October 2021, reaching a historic high of $38.6 billion. The estimated annual income of the protocol is $117 million.