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Aave surges 11% on talk of token burn in upcoming Aavenomics 3.0 update

Market News
29 Sep 2026
Cointribune
View Source
Bullish
Aave surges 11% on talk of token burn in upcoming Aavenomics 3.0 update

Aave's token price jumped 11% since midnight UTC on September 29, driven by speculation that its founder, Stani Kulechov, may introduce a token burn mechanism in the upcoming Aavenomics 3.0 update. This potential burn would permanently reduce token supply, encouraging demand and price growth. Despite a challenging macro environment with US 10-year yields near 5.234%, Aave led DeFi gains alongside other tokens like Curve and Uniswap. However, no official timeline or details on the burn volume have been confirmed yet, leaving investors awaiting further announcements.

As of September 30, 2026, 01:21 WIB, Aave (AAVE) stands out with a 12.28% gain on Pluang, trading at Rp3.009.057, contrasting with Uniswap's slight decline of 0.17% at Rp159.809. Curve DAO Token (CRV) also shows strong momentum with a 9.76% increase, priced at Rp6.993. Despite Aave's recent surge, its market cap of Rp46.23 trillion remains less than half of Uniswap's Rp98.67 trillion, highlighting different scales of investor interest and liquidity across these DeFi tokens.

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