Aave, a leading decentralized finance protocol, has reached unprecedented levels with over $56 billion in total deposits and weekly revenue exceeding $3 million. The platform's assets have grown significantly from $35 billion in mid-2024 to over $60 billion by late 2025, driven by increased institutional adoption, including the integration of VanEck’s VBILL tokenized treasury fund as collateral. Despite a $50 million buyback, the $AAVE token faces bearish pressure, trading 66% below its 2021 peak. Analysts highlight that borrowing costs have decreased due to a deleveraged market, while stablecoin lending rates have stabilized between 5% and 7%.