AAVE has surged over 20% this week, pushing its price above $180 and posting a 60%+ monthly rally. The token has been outperforming Bitcoin for the fourth consecutive week, with AAVE/BTC up 10%. Total Value Locked peaked at nearly $20 million, up 18% from the previous month, while fees crossed $37 million, climbing 15% year-over-year. These on-chain metrics confirm strong lending demand on the Aave platform, which processed $1.1 trillion in borrow volume. However, overbought technical conditions could trigger profit-taking before the $200 target is reached.
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