DeFi Market Expands to $219B as AAVE Pushes Through Resistance

AAVE Strengthens as DeFi Market Hits Record $219B

Aave’s AAVE token advanced on Oct. 3, rebounding from last week’s lows and clearing key resistance levels despite some short-term profit-taking above $290.

The token rose 2% in the past 24 hours and is 6% higher for the week, finding solid support around $284–$285 while consolidating near $290.

The broader crypto market also showed strength, with Bitcoin (BTC) climbing past $122,000, approaching its August highs. Meanwhile, the DeFi market surged to a record $219 billion in total assets, according to DeFiLlama, signaling strong growth in the sector.

Aave Sees Record Deposits
Aave’s deposits reached a record $74 billion, reinforcing its position as the leading DeFi lending platform. Fresh inflows were boosted by a partnership with Plasma, a stablecoin-focused blockchain, whose lending market on Aave surpassed $6 billion in under a week.

Technical Overview

Price Range: $279.16–$294.33, with intraday highs at $290.37.
Support Zone: $284–$285 remains firm.
Resistance Zone: $290–$294 continues to cap gains.
Volume: Trading surged to 143,188 units, well above the 37,000 average.
Pattern: Consolidation near current levels suggests accumulation, with technical indicators pointing to potential further upside despite short-term profit-taking.