Aave DAO Achieves Milestone with 70,000 AAVE Token Repurchase
Aave DAO has successfully repurchased 70,000 AAVE tokens, representing 0.5% of its total supply, within just six months of launching its token buyback program. According to a recent announcement by DeFi analysis platform Token Logic on August 4th, these tokens were acquired for $15.7 million at an average purchase price of $223.33 per token. This initiative has also led to an unrealized profit of $2.6 million based on the current market price of the AAVE token.
Mark Zeller, the co-founder of Aavechan, confirmed this significant achievement in a separate post, highlighting that the DAO has also reduced emissions by 50%, thereby enhancing the attractiveness of AAVE and the platform. The buyback program is still ongoing, with the DAO investing approximately $1 million weekly into repurchasing AAVE tokens.
Aave Strengthens DeFi Growth
The buyback initiative is part of Aave’s broader strategy to solidify its position within the DeFi sector. Last month, the protocol surpassed $50 billion in net deposits, placing it among the top 50 banks in the US. With around 25% of the total DeFi market share, Aave’s platform currently holds approximately $33 billion in total assets locked, as reported by DeFiLlama.
Seb Pulido, Director of Institutional & DeFi Business at Aave Labs, emphasized Aave’s market dominance by noting that about 60% of Bitcoin users in DeFi utilize Aave to access dollar-denominated assets. This strong position has significantly bolstered Aave’s financial standing, with the platform generating $86 million in revenue in 2024, marking a 280% year-over-year increase. As of mid-2025, Aave’s annualized revenue stands at approximately $100 million, with predictions suggesting it could exceed $150 million by year-end.
Future Growth and Projects
Aave’s growth trajectory is expected to continue with upcoming projects such as Aave V4, the full deployment of Chainlink’s SVR, and improved regulatory clarity in the US. Crypto platform Blocmates anticipates further revenue growth for Aave, as the platform is positioned to surpass its 2024 revenue figures this year.
In conclusion, Aave’s successful token repurchase initiative and strong market position underscore its commitment to innovation and growth within the DeFi space. With a solid foundation and promising projects on the horizon, Aave is well-positioned for continued success in the evolving cryptocurrency landscape.
Posted In: Aave, DeFi, Tokens