Aave price is the main topic in the crypto space following the proposal to activate a fee switch and buy back tokens from the open market. According to Aave-Chan Initiative founder Mark Zeller, if the proposal passes, it will generate about $60 million annually for AAVE holders. Aave is one of the most successful DeFi lending protocols, with over $12 billion in total value locked (TVL) per CoinGecko.