Why is nobody talking about Aave finally tying $AAVE to actual protocol revenue after years of it being little more than a governance token?
Most of us have held DeFi bags that never captured the value the protocol itself created, watching fees pile up while the token went sideways. That leaves you FOMO chasing the next narrative or sitting through drawdowns with no clear fundamental reason to hold or exit.
Aave has pulled in tens of millions in annual fees from its lending markets, with TVL often sitting above $15 billion. They now appear ready to explore buybacks or direct fee flow to holders, which would finally give $AAVE a claim on cash flow instead of just voting rights. This stands in contrast to $UNI, which has debated the same idea for years without moving while everything runs on $ETH .
If they follow through it challenges the assumption that governance tokens are structurally doomed to lag. The practical move is to track the governance votes and look at accumulation on quiet days rather than waiting for confirmation to chase.
Where do you think this goes from here for $AAVE?
#Aave #DeFi #Tokenomics