AAVE has launched the V3 testnet on Aptos, marking its first move outside the Ethereum Virtual Machine. Despite this significant expansion, the price of AAVE fell by nearly 10%. This testnet phase aims to scrutinize the protocol’s reliability and performance before moving to the mainnet, pending community approval.

AAVE’s collaboration with Chainlink is crucial for providing precise price data on Aptos. In 2024, AAVE generated revenue nearing 60.9 million USD, which is close to its peak earnings in 2021. This figure showcases AAVE’s strong financial performance, potentially boosting investment confidence in the token.