AAVE maintains revenue of 100 million USD annually despite a wave of 60 billion USD withdrawal from DeFi.

The wave of FUD ( fear, uncertainty, and doubt ) is casting a shadow over the entire crypto market, and the DeFi ecosystem is also not exempt from this heavy pressure.

Data from DeFiLlama shows that investors have withdrawn nearly 60 billion USD from protocols, causing the total value locked (TVL) of the entire crypto market to plummet to early July levels, around the 120 billion USD mark. Aave (AAVE) is also not outside the general trend, recording about 10 billion USD in net capital outflow in a short period.

However, despite the sell-off “storm”, AAVE still demonstrates significant resilience. This protocol is currently generating over 100 million USD in revenue each year, with an average weekly revenue of around 3 million USD – an impressive figure in the context of the volatile crypto market.

Source: DeFiLlamaNotably, Aave's latest financial report recorded the highest revenue in the past 5 years, while total accumulated fees have surpassed 740 million USD. This indicates that activity on the platform remains vibrant, even as cash flow across the DeFi market shows clear signs of weakening.

In summary, AAVE is still standing strong amid the “storm.”

As billions of USD were wiped out from the DeFi market, Aave still maintained a rich revenue stream and stable fee activity, thereby affirming its position as one of the most resilient and enduring protocols in the decentralized finance space.

Resistance pressure remains heavy as AAVE's uptrend stalls

The technical picture of AAVE clearly reflects the wave of FUD enveloping the entire crypto market. On the quarterly timeframe, this token has lost over 30% of its value. Over the course of a year, AAVE is among the worst-performing assets in the leading DeFi ecosystem, with a decline of nearly 40% — pushing the token into a vulnerable state as it enters the end-of-year phase.

Although the fundamental basis of the protocol remains solid, the price chart's movements have not shown corresponding results. On the daily timeframe, the effort to conquer and successfully reverse the resistance level of 190 USD is deemed quite challenging. The momentum is still weak, while the buying power is not strong enough to create a reliable recovery signal.

Source: TradingViewIn the upcoming period, AAVE needs a decisive breakout above the key resistance area to reverse the weakening momentum of the price.

At the current time, the underlying factors are the pillars supporting AAVE. The protocol's revenue remains stable, while Aave continues to play a central role in the lending sector of DeFi — a rare resilience amidst a crypto market flooded with FUD.

If the market sentiment stabilizes and investors' risk appetite improves, AAVE is likely to be one of the few DeFi tokens with enough fundamentals to surge quickly. Until that scenario occurs, the steady revenue stream will continue to keep AAVE firmly on the “radar” of investors.

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