There has been a significant recent increase in the deposits of monetized gold on Aave. According to the data in the text, the size of Tether Gold (XAUT) deposits in the agreement has increased from approximately $40 million at the beginning of June to $76.7 million, an increase of about 91.7 per cent. In terms of available data, Aave has become one of the main uses of the DeFi for monetized physical gold.

XAUT is used to borrow stabilization coins

This round of growth is not just the passive deposit of gold coins in agreements. XAUT has been used as collateral to enter the lending market, and users can borrow USDT, USDC, etc., while retaining their gold openings.

This means that the monetization of gold is beginning to have a stronger liquidity function. Some users can obtain liquidity while holding gold assets, and they can continue to invest in other chain strategies for borrowing stabilization. Global uncertainty and the high price of gold were mentioned as one of the contextual factors for rising demand.

However, the increase in deposits does not mean that the risk disappears. The leveraging of gold coins will continue to be affected by price fluctuations in the targeted assets.

Aave's lending activity is rising.

XAUT deposits have grown while Aave's overall lending has expanded. It is mentioned that the dynamic lending in the Aave V4-related market is close to $150 million, of which $130.9 million is loaned and the supply is on the order of $389.1 million.

  • Stabilized currency lending of about $7.4 billion
  • Stabilized currency supply of approximately $8.98 billion
  • Stabilized currency use rate approximately 82.5 per cent

The high rate of use usually means that funds are not largely idle, but are continuously loaned and used within agreements. This also reflects the fact that Aave's current borrowing demand is still strong.

AAVE is back at $85.

In addition to the data on the chain, the AAVE token price was fixed at a lower point in June. It states that AAVE has rebounded from a low level of close to $60 and is currently above $85.

At the same time, the report mentions that $108 is close to the current more focused resistance position, corresponding to the 200-day index moving average. The short-term focus of the market remains on whether the dynamism of the Aave chain continues to support price performance.