Aave (AAVE) surged nearly 25% in 24 hours after protocol deposits and derivatives positioning strengthened, with Total Value Locked reaching $18.05 billion. Net user incentives climbed to their highest level since December 2025, generating approximately $50,270 in August. However, the rally revealed a market split — top traders on Binance and OKX remained long-heavy with ratios of 1.46 and 1.15, yet broader positioning and short-term spot activity signaled resistance. The broader market long/short ratio stood below 1, favoring sellers, while the Open Interest-Weighted Funding Rate held positive at 0.0220%. A 24-hour spot net outflow of $3.4 million suggested profit-taking, though three- and five-day netflows still showed broader accumulation.
Aave [AAVE] surged by almost 25% over 24 hours after protocol deposits and derivatives positioning strengthened across the board. The rally, however, opened a split across markets.
While top traders remained long-heavy, broader positioning and short-term spot activity highlighted some resistance. Aave’s Total Value Locked rose on 19th August, hitting $18.05 billion.
The uptick suggested more capital had entered the protocol during AAVE’s rally. Several days of growth could not establish whether those deposits represented lasting demand.
Net user incentives climbed to their highest level since December 2025. Aave has generated approximately $50,270 in incentives so far in August.
Rising deposits and incentives strengthened protocol activity as AAVE gained 25%. The derivatives market, however, highlighted a lack of agreement among traders.
Buying dominance grew across the market as traders maintained a bullish position. The Long/Short Ratios on Binance and OKX stood at 1.46 and 1.15, respectively, indicating a bullish position.
The two exchanges control roughly $524.85 billion in assets, with Binance accounting for $361.95 billion alone. Across the broader market, the ratio was below 1 and favored sellers — a sign of growing selling pressure that could weigh on AAVE’s price.
The Open Interest-Weighted Funding Rate had a positive reading of about 0.0220%. The 24-hour spot flow revealed more AAVE was being sold than bought, resulting in a $3.4 million net outflow.
This might just be profit-taking rather than sustained selling pressure, especially since the three- and five-day netflows remained negative, indicating buying had outweighed selling over those periods. It remains worth watching whether selling pressure persists over the weekend.
