Aave just crossed $1M in swap revenue, but HERE’s what you’re missing

Swap revenue and new wallets are both on the up these days.

Written by Samyukhtha L KM

Reviewed by Jibin Mathew George

Updated 03:30 EDT July 3, 2026

Aave just crossed $1M in swap revenue, but HERE's what you're missing

Aave [AAVE] is no longer just growing through deposits and lending activity; they’re also also building new revenue streams. With the launch of Aave’s Global Dollar Hub and a rise in user activity, the project is picking up steam again.

Aave DAO’s swap revenue crosses $1 million!

Aave DAO’s swap revenue has crossed $1 million since the launch of Aave Will Win. The cumulative expected partner fees has risen from April, with a jump around early June and sustained growth throughout the month.

Most of this revenue has been coming from Ethereum [ETH], while Arbitrum [ARB] and a few other chains have added smaller contributions too. Interestingly, this gives Aave another income stream beyond its usual AUM-based fees from lending markets.

With more features planned – including leverage tools, transaction builder support, and V4 support in Aave Pro – this revenue base could keep growing.

New wallet growth outlasts AAVE’s price

Beyond this, Aave’s on-chain activity jumped too. Around the launch of its V4 Global Dollar Hub, AAVE’s price moved from nearly $72 to about $95, before falling back towards $85.

However, what stands out is that user growth did not fade with the price. New AAVE addresses reached 1,806 on 30th of June, far above the usual spring pace of around 200 per day.

New address growth was also well above baseline throughout this week. In fact, active addresses were above 2,200 and at 3,144 at their highest.

AAVE holds above pullback zone

Here’s a bit of balance to this story. After the move towards the $95-$100 area, AAVE fell back below $90 on the charts.

However, the token has not fully lost its pace either. It was trading at around $87 at press time, with a small recovery attempt.

The RSI was at 58, so the rally was no longer overheated. There seemed to be some strength left still. The CMF was also positive at 0.10, indicating some buying interest.