AAVE [AAVE]记录了1.11％的上升，落后于本周的2.91％的收益。

这项24小时的增长是在AAVE最近实施代币回购系统之后，该系统可能会将资产推向集会。

Aave [AAVE] registered a 1.11% uptick over the past 24 hours, trailing slightly behind its 2.91% gain for the week. This 24-hour growth follows Aave’s recent implementation of a token buyback system, which could drive the asset into a rally.

在过去的24小时内，AAVE [AAVE]的增长率为1.11％，略高于本周的2.91％收益。这项24小时的增长是在AAVE最近实施代币回购系统之后，该系统可能会将资产推向集会。

This development has seen market participants respond by accumulating the token. However, will this be enough to undo its 20% drawdown from the past month?

这种发展使市场参与者通过积累令牌来做出回应。但是，这足以消除过去一个月的20％的降低吗？

What does the buyback mean for AAVE?

回购对AAVE意味着什么？

The Aave team has set aside an annual budget of $50 million to buy back AAVE from the market, with a weekly spend of $1 million to achieve this goal.

AAVE团队已预留了5000万美元的年度预算，以从市场上回购AAVE，每周的支出为100万美元来实现这一目标。

This new initiative reflects a change in the fee structure and is expected to act as a catalyst for price growth.

这项新计划反映了收费结构的变化，预计将充当价格增长的催化剂。

Between the 9th of April and press time, 10,014 AAVE worth $1.39 million had been purchased from the market under this initiative.

在4月9日和发稿时间之间，根据该计划从市场上购买了10,014 AAVE，价值139万美元。

Source: TokenLogic

资料来源：TokenLogic

Furthermore, the buyback pool may expand, depending on protocol revenue during this cycle.

此外，回购池可能会扩大，具体取决于该周期中的协议收入。

This approach, by design, is meant to do two things — instill confidence in the minds of investors and potentially trigger a supply squeeze.

通过设计，这种方法旨在做两件事 - 灌输对投资者思想的信心，并可能引发供应压缩。

Having said that, the market didn’t take long to respond.

话虽如此，市场并不需要很长时间才能做出回应。

There has been an accumulation of the token, which hints at expectations of a rally.

令牌已经积累了，这暗示了一次集会的期望。

A massive amount of AAVE is being accumulated

积累了大量的ave

There’s been growing accumulation in the market, which could lead to a price breakout.

市场上的积累越来越多，可能导致价格突破。

Over the past week, $13.98 million worth of AAVE changed hands — $4.30 million of that in the last 24 hours alone.

在过去的一周中，价值1398万美元的AAVE易手 - 仅在过去24小时内就有430万美元。

This accumulation is noteworthy, as these AAVE tokens purchased from the spot market are being held for long-term commitment and moved into private wallets.

这种积累值得注意，因为这些从现货市场购买的aave代币正在长期承诺并转移到私人钱包中。

Source: TradingView

资料来源：TradingView

The 4-hour chart provides better insight, confirming that investors are accumulating the asset as it trades within a symmetrical triangle pattern made of converging support and resistance levels, with price oscillating within it.

4小时的图表提供了更好的见解，确认投资者在资产以融合支持和阻力水平制成的对称三角形模式中累积了资产，其价格在其中振荡。

Finally, a breach of the upper resistance line would imply the start of a price rally. If a breakout occurs, the price target lies between $170 and $187.

最后，违反上部电阻线将暗示价格集会的开始。如果发生突破，目标目标在170美元至187美元之间。

Also, stronger market momentum could push the asset back to the $200 region.

同样，更强大的市场势头可能会将资产返回到200美元的地区。

Liquidity growth remains high

流动性增长仍然很高

The market reaction isn’t limited to accumulation and storage in private wallets. A cohort of investors has moved their AAVE into the protocol, becoming liquidity providers.

市场反应不仅限于私人钱包中的积累和存储。一群投资者将其助手带入了该协议，成为流动性提供者。

Source: DeFiLlama

资料来源：Defillama

This influx has propelled the Total Value Locked (TVL) to $18.029 billion — its highest since early April. A growing TVL often implies increasing confidence and deeper market roots — both of which support price continuation.

这种涌入已将锁定的总价值（TVL）推向了180.29亿美元，这是自4月初以来最高的。越来越多的TVL通常意味着增加信心和更深的市场根源，这两者都支持价格延续。

In recent weeks, Aave has focused on several developments aimed at attracting liquidity. Two of the most notable are competitive yields on EUR and the potential launch on Aptos.

最近几周，AAVE专注于一些旨在吸引流动性的发展。最著名的两个是欧洲的竞争收益率和Aptos的潜在推出。