DeFi United AAVE Rescue Exceeds 300M$

Kelp DAO’s support campaign for exploit victims continues without slowing down. Ethereum software giant ETH detailed analysis ecosystem Consensys and its founder Joseph Lubin stand out by donating 30,000 ETH. Circle Ventures is also trying to mitigate the effects of the damage by purchasing AAVE detailed analysis tokens with the move announced on social media. The venture capital arm of the USDC issuer, saying “Strong DeFi infrastructure does not form by itself,” emphasizes that they support the Aave ecosystem and community. The DeFi United initiative has exceeded 300 million dollars by reaching 132,000 ETH with these contributions.

As of Monday, DeFi United’s Ethereum-based collected funds approached approximately 235 million dollars.

Critical Support and Resistance Levels for AAVE

Current Price: $97.47 (+1.17% 24s)
Supports: S1 $95.28 (Strong, -2.25%), S2 $86.34 (Strong, -11.42%)
Resistances: R1 $104.96 (Strong, +7.68%), R2 $117.01 (Strong, +20.04%)
Technical Indicators: RSI 49 (Neutral), EMA20 $97.30, Supertrend Bearish

The attacker seized the LayerZero bridge, minted unsupported rsETH, and used them as collateral on Aave to borrow real assets; the remaining bad debt put the protocol in trouble. DeFi United is coordinating to close this gap; Consensys-backed Sharplink will also provide strategic consulting. Aave service providers propose transferring 25,000 ETH from the protocol DAO, while Lido DAO, Ether.fi, Kelp DAO, dozens of anonymous individuals, and small donors are also joining the process. Aave states that major contributions have corrected the rsETH collateral and returned market conditions to normal.

AAVE Recovery Status After Exploit

This collective effort is testing DeFi’s resilience once again; as the wounds of the attack are healed, the sector is focusing on the trust behind assets like rsETH. According to The Block data, the total value locked in DeFi protocols has fallen to 82 billion dollars and has shrunk by 25% since the beginning of the year. The recovery momentum promises hope for the future of on-chain finance. While RSI remains at neutral levels, strong supports may signal recovery for AAVE.