AAVE dropped approximately 30% over the past four weeks, with its decline exceeding that of Bitcoin and Ethereum.

on November 14, according to The Defiant, the governance token AAVE of the lending protocol Aave has declined by approximately 30% over the past four weeks, underperforming both Bitcoin and Ethereum during the same period.

Aggregated quotes from CoinGecko indicate that as of 10:30 Beijing Time on November 14, AAVE was priced at $108.88, reflecting a roughly 29.7% decline over the past 28 days; Bitcoin and Ethereum dropped by 17.5% and 21.7%, respectively, over the same timeframe.

Daily data from DefiLlama shows that Aave's total value locked fell from $17.95 billion on October 17 to $15.53 billion on November 14, a decrease of approximately 13.5%. Since total value locked is influenced by asset price fluctuations, this decline does not necessarily equate to a net outflow of capital.