- Aave (AAVE) announced that its Total Value Locked (TVL) has surpassed $40 billion.
- They stated that this is the first achievement among decentralized finance (DeFi).
- It was reported that the surge in Ethereum (ETH) has greatly influenced the rise in Aave's TVL.
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The decentralized lending protocol Aave (AAVE) has surpassed $40 billion in Total Value Locked (TVL).
On the 12th (local time), Aave announced via its official X (formerly Twitter) that "Aave's TVL has reached an all-time high of $40.3 billion," stating "This is the first among decentralized finance (DeFi)."
Meanwhile, it has been revealed that the surge in Ethereum (ETH) is behind Aave's record TVL, as Ethereum accounts for half of Aave's TVL.
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