AAVE Price Stays Weak as Protocol Supply Falls 28.9%

For a month now, the AAVE price has followed a clear downward trend as the asset continues to trade below $94. The downward trend, which has spanned without any major recoveries, has sent the AAVE0.00% deeper from its all-time high by over 88%. The price dip comes at a time when attackers have drained $291 million through the Kelp DAO exploit, initiating a liquidity crunch.

Aave Supply Drops 28.9% as Capital Continues to Leave the Protocol

As of today, on-chain data reveals that Aave’s total supplied value has dipped to $30.97 billion from $43.57 billion in 30 days, noting a 28.9% decline. At the same time, total borrowed value dropped to $14.31 billion from $17.22 billion. That move represented a 16.9% decline over the same 30-day window. A deep dive shows supplied funds near $25 billion in late April 2025. Supply then climbed through mid-2025 and moved above $35 billion by early May. 

Through June, the line held mostly stable with moderate fluctuations around the upper $30 billion range. During July, supply accelerated and pushed well above $45 billion. The rise extended into August and September, when supplied funds moved above $60 billion. The funds flow then reached its highest zone around September and early October.
At that stage, supply traded near the low-$70 billion range.

 After that peak, the line turned lower and began a broad decline. Supply fell sharply into late November, then stabilized around the low-to-mid $50 billion area. A brief recovery appeared during December and early January. That rebound faded by February, when another clear step down occurred. From February into April, supply stayed under pressure and hovered around the mid-$40 billion range.

AAVE Price Falls 11.67% in One Month After Sharp Reversal

As funds keep recording an outflow, the AAVE price has been in bearish territory. According to CoinMarketCap data at the time of press, the AAVE0.00% trades at $93.42 after recording an 11.67% decline over the past one month. The month began with price action near the $109 level and early attempts to push higher. 

However, that advance quickly faded, and the token turned lower after failing to hold those gains. Price then entered a broad decline and moved steadily toward the upper $90 range. After that drop, AAVE traded sideways for several sessions with repeated short rebounds and fresh pullbacks. The trend remained uneven, yet the token stayed mostly below the earlier monthly range.

A brief recovery later lifted AAVE above $100 and carried it into the mid-$110 zone. That upward move proved short-lived, and the AAVE price reversed sharply from that local high area. The decline then accelerated and pushed AAVE back under $95 within a short stretch. Recent action showed narrow movement around current levels, with price stabilizing near $93 after the sharp reversal.

AAVE Price Signals Weak Pressure Conversion in Current Trend

As the funds and AAVE0.00% trail a slide, the AG Pro Relative Volume Pressure Map remains relevant for measuring whether relative volume translates into usable directional pressure. This TradingView indicator does not treat high volume alone as a signal. Instead, it checks body efficiency, close location, wick behavior, stretch versus recent volatility, and short follow-through. In the current AAVE setup, the indicator reads passive as the active state. That means recent volume has not reached the threshold for strong directional pressure. 

AAVE activity is increasing, but it has not translated into forceful continuation. The quality reading stays passive, while dominance, strength, and conversion remain light. That means price has not turned recent participation into efficient upside or downside control. In this framework, volume is present, but the candles lack sufficient structure to confirm clean pressure. Recent labels also rotated between absorption, bear pressure, and bull pressure. 

In this pattern, absorption means elevated activity failed to produce stable directional movement. That fits the current price behavior, where AAVE price trades in a compressed zone after a prolonged decline. The reported 24-hour volume drop of more than 39% also matches the passive reading. Lower participation reduces the odds of efficient pressure. As a result, AAVE’s current trend remains weak, compressed, and lacking strong conversion from volume into sustained price movement.