Aave Price Surges on V4 Protocol Launch and Recovery from Exploit

Aave's price surged by 16.23% after its V4 protocol launch and recovery from an April exploit that temporarily exposed the platform to potential losses of up to $230 million.

The recent developments have restored Aave's dominant position in DeFi lending activity, with over $200 million in new Ethereum deposits.

Aave DAO governance has approved the V4 rollout and is deliberating on resuming token buybacks and expanding through Aave Horizon.