Aave sees institutional interest as Grayscale adds token to DeFi fund

Aave has seen significant institutional interest following Grayscale's decision to include the token in its DeFi fund with a nearly 20 percent allocation. Despite a recent weekly price dip, the protocol maintains a total value locked of $14.3 billion and reported its largest single-day wallet growth since 2021 in July.

Aave founder Stani Kulechov has also engaged in industry discourse by criticizing Ethereum's proposed EIP-8363, warning that reducing validator yields could consolidate control among larger operations and displace smaller validators.