Aave And Chainlink Unlock $21M In New Revenue

Over $21 Million Recaptured Since Launch

Aave and Chainlink have recaptured more than $21 million in combined revenue since the launch of Chainlink Smart Value Recapture (SVR) in 2025, according to Token Logic data shared by Josef Abregab (jfab.eth). Around $14 million has flowed to Aave and $7 million to Chainlink. SVR fees on Aave also recorded their third highest month on record in the latest period, per the same data.

In March 2025, Aave integrated Chainlink SVR into its Core Ethereum market, enabling the protocol to recapture value from liquidation-related MEV that had historically leaked to network validators, external searchers, and block builders. The milestone adds a meaningful new revenue line for both DAOs and reflects a broader shift in how DeFi protocols think about value that was once simply left on the table.

How SVR Works

Chainlink SVR Feeds introduce a way to recapture Oracle Extractable Value (OEV), a subset of non-toxic Maximal Extractable Value (MEV) associated with oracle updates that is most commonly observed during the liquidation process of lending protocols. Historically, tens of millions of dollars worth of liquidation OEV has been leaked and captured by participants of the block building process, with none of the value returning to the DeFi protocols or oracle infrastructure that generated it.

Built in collaboration with BGD Labs, Flashbots, and other Aave DAO contributors, Chainlink SVR recaptures oracle-related MEV using a combination of Chainlink oracle networks and Flashbots' MEV-Share service. By sending oracle updates through a dual aggregator architecture, SVR enables an auction for the opportunity to backrun liquidations, allowing the DeFi protocol and the Chainlink Network to share in the payment offered by searchers instead of letting it leak entirely to third parties.

Recaptured OEV revenue is split between the Aave and Chainlink communities, with an initial discounted rate of 65% to the Aave ecosystem and 35% to the Chainlink ecosystem, as confirmed in an Aave DAO vote. The value recaptured by SVR provides DeFi protocols with an additional revenue stream while also supporting the economic sustainability of Chainlink oracles.

The cumulative $21 million figure in the Token Logic data is ahead of an earlier milestone reported by Aave's own blog, which put total recaptured revenue at roughly $16 million across approximately 3,900 liquidation events in the first nine months through early February 2026, representing an average recapture rate of 73% of total non-toxic MEV from liquidations. The gap between the two figures reflects continued growth in SVR activity through mid-2026.

A future upgrade to Chainlink SVR is planned featuring increased decentralization, enhanced gas efficiency, and cross-chain capabilities.

Sources:
PR Newswire: Aave Integrates Chainlink SVR on Ethereum Mainnet
Chainlink Docs: Smart Value Recapture (SVR) Feeds