Santiment: Aave Adds 1,800+ Wallets as Network Activity Hits 5-Year High Amid Price Gains

Aave on Ethereum recorded 1,806 new wallet creations over the past 24 hours, marking its highest level of daily network growth since October 2021, according to crypto analytics platform Santiment.

The surge comes as decentralized finance activity shows renewed momentum, with Aave benefiting from improving sentiment across the sector. Santiment attributed the rise in participation to a combination of factors, including growing anticipation of the upcoming Ethereum-based Aave V4 rollout, active governance discussions regarding protocol revenue mechanisms, and broader market narratives focused on long-term value capture in DeFi.

The increase in user activity has also coincided with stronger market performance, with AAVE climbing roughly 23% over the past week. Santiment noted that simultaneous gains in price and wallet growth often indicate strengthening underlying demand rather than short-term speculative movement.

If the trend continues and translates into higher deposits, borrowing activity, and sustained protocol usage, analysts suggest it could help reinforce Aave’s fundamental position heading into the second half of 2026.

Source: Santiment