Aave DAO has repurchased 70,000 AAVE tokens, or 0.5% of its whole provide, in lower than six months of its token buyback initiative.
In an Aug. 4 put up on X, DeFi evaluation platform Token Logic said that the platform acquired these tokens for $15.7 million at a mean buy value of $223.33 per token.
The platform additionally said that the DeFi protocol has an unrealized revenue of $2.6 million primarily based on the present market value of the AAVE token.
Mark Zeller, the co-founder of Aavechan, confirmed the milestone in a separate X put up, mentioning that the DAO additionally lowered emissions by 50%, thereby rising the enchantment of AAVE and the platform.
In the meantime, the repurchase program stays ongoing, with the DAO investing roughly $1 million weekly into shopping for again AAVE tokens.
Aave strengthens DeFi progress
The buyback initiative aligns with Aave’s broader progress technique of cementing its standing within the DeFi sector.
Final month, the protocol surpassed $50 billion in internet deposits, positioning it among the many prime 50 banks within the US.
The protocol additionally accounts for round 25% of the full DeFi market, contemplating the full worth of belongings locked on the platform is round $33 billion as of press time, based on DeFiLlama knowledge.
Furthermore, Seb Pulido, Director of Institutional & DeFi Enterprise at Aave Labs, highlighted the extent of Aave’s market dominance by mentioning that round 60% of Bitcoin customers in DeFi use Aave to achieve entry to dollar-denominated belongings.
This commanding place has considerably bolstered Aave’s monetary place.
Crypto platform Blocmates famous that Aave generated $86 million in 2024, a 280% enhance year-over-year.
Nevertheless, the platform is poised to surpass that determine this 12 months as its annualized income stands at roughly $100 million as of mid-2025.
Trying ahead, Blocmate predicted that Aave’s annual recurring income (ARR) might exceed $150 million by year-end.
This progress is anticipated to be pushed by the protocol’s upcoming initiatives, together with Aave V4, the total deployment of Chainlink’s SVR, and elevated regulatory readability within the US.
