Aave, a well-known decentralized finance platform, has experienced a significant surge of 18.05% in just one day, resulting in a price of $379. This increase is a direct result of a proposal to integrate Chainlink's Smart Value Recapture (SVR) oracle service.

The SVR oracle service, which was launched by Chainlink on December 23, aims to redirect profits from Maximum Extractable Value (MEV) back to protocols like Aave and their users. This service specifically targets transaction backrunning profits during Aave liquidations, which have historically been claimed by arbitrageurs and traders. However, with the introduction of the SVR oracle, DeFi protocols like Aave can now directly benefit from these profits.

As a result of this development, Aave's market capitalization has risen to $5.7 billion, and trading volume has increased to $1.45 billion, indicating a significant rise in activity over the past 24 hours.