Summary
- Aave (AAVE)’s net deposits have surpassed $50 billion, becoming the first case among decentralized (DeFi) protocols.
- Aave’s locked asset value (TVL) has reached about $29 billion, proving that it is the largest lending protocol in the DeFi market.
- The founder of Aave’s operator 'Avara' stated that traditional financial institutions and fintech companies are adopting Aave as their lending infrastructure.
The centralized virtual asset (cryptocurrency) lending protocol Aave (AAVE) has reportedly surpassed $50 billion in net deposits.
According to The Block on the 14th (local time), Aave’s net deposits have exceeded $50 billion. This is the first case among decentralized (DeFi) protocols.
The media stated, “Surpassing $50 billion in net deposits signals that the expansion of the on-chain market, which started in October 2023, is continuing,” adding, “Aave’s locked asset value (TVL) also reached about $29 billion, proving that it is the largest lending protocol in the DeFi market.”
Stani Kulechov, founder of Avara, the company operating Aave, said via X (formerly Twitter), “The next goal is the trillion mark,” and added, “Traditional financial institutions and fintech companies are adopting Aave as their lending infrastructure.”
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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