$AAVE Report 143.07U。

Circle’s Arc mainnet went live on September 16. With Aave as one of the founding verification parties, there’s another on-chain destination for institutional stablecoin settlement.

Bullish thesis:

Ethereum DeFi locked-in value is around $50 billion, and Aave is still one of the leading lending protocols.

Institutional stablecoin settlement + DeFi lending demand—if more funds continue to flow back later, AAVE may benefit further.

For the short term, watch the 133U support level.