AAVE Jumps 19% and SOL Climbs 10% as Crypto Rebounds While Bitcoin Steadies at $60,000

Bitcoin stabilized around $60,000 Saturday after a brutal week of selling, but the real action was in DeFi and the Solana ecosystem.

AAVE surged 19% in 24 hours, making it one of the strongest performers in the entire market. SOL was not far behind, climbing nearly 10%.

The AAVE move was fueled by two things reports that Kraken is exploring a strategic investment in the Aave protocol at a $385 million valuation, and Aave founder Stani Kulechov pushing back publicly on suggestions that Aave assets could be sold at a steep discount. Kulechov confirmed that all protocol revenue running at an annualized $134 million flows to the Aave DAO and benefits AAVE token holders under the recently adopted Aave Will Win framework.

Tokenized Stocks Are Exploding on Solana

The Solana rally had its own catalyst. Tokenized stock trading volume topped $2.5 billion through the week ten times larger than just a month ago with Solana capturing more than 80% share of tokenized equity trading across all blockchains. That momentum lifted several Solana DeFi tokens tied to trading infrastructure.

Jito, which runs Solana’s largest liquid staking protocol and launched a new trading platform last month, jumped 30%. Raydium and Meteora both gained around 7%. Kamino Finance climbed 9%.

The tokenized stock surge is part of a broader real-world asset trend that has been quietly building on Solana all year and is now showing up clearly in token prices.