Avalanche’s DeFi engine is accelerating while AVAX remains trapped near its lows. Aave v4 deposits on Avalanche have surged to $225M, marking the protocol’s first expansion beyond Ethereum.

  • Aave v4 total deposits reached an all-time high of $1.75B.
  • Avalanche deposits jumped 295% in two weeks, while active loans surpassed $100M.
  • AVAX One holds 14.17M AVAX, with 99.7% staked at a 5.85% annualized rate.

The missing piece is spot demand: rising TVL and institutional exposure have not yet broken AVAX out of its $8–$9 range. Traders should watch $8 closely; a breakdown could expose $7.82, while sustained borrowing and staking growth offer the first credible reversal fuel.