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AAVE token jumps 15% as Aave plans token burn in Aavenomics 3.0 update

Market News
29 Sep 2026
Tokenpost
View Source
Bullish
AAVE token jumps 15% as Aave plans token burn in Aavenomics 3.0 update

AAVE, the native token of the decentralized lending platform Aave, surged over 15% in 24 hours, reaching above $170 for the first time since January 19. This sharp rise followed the announcement by Aave's founder, Stani Kulechov, that the project is considering implementing a token-burn mechanism in its upcoming Aavenomics 3.0 update. The proposed token burn would permanently reduce the circulating supply, potentially increasing token value. This move highlights Aave's efforts to strengthen its tokenomics amid a broader rebound in decentralized finance assets.

AAVE is currently trading at Rp3.096.644 on Pluang, showing a 16.02% increase in the last 24 hours. The token has a market cap of Rp46,07 trillion and a 60% buy order activity as of Sep 29, 2026 18:53 WIB.

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