$AAVE Surges 20% as #GENIUSAct Advances Through Congress


$AAVE token jumped 20% to $262 after U.S. lawmakers advanced the #stablecoin bill known as the GENIUS Act.


The #DeFi lending protocol, which heavily features stablecoin services, has seen its Total Value Locked reach $25 billion, surpassing market leaders like Lido and EigenLayer.


$AAVE has outperformed major #altcoins with a 90% gain over 30 days despite still trading below its December 2024 peak of $383.49.


The renewed interest follows #WorldLibertyFinancial's strategic $5 million investment in $AAVE, which included a revenue-sharing agreement giving AaveDAO 7% of $WLFI's circulating tokens.

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May 20, 2025 at 6:14 PM
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