Aave protocol TVL soars to nearly 50 billion USD, dominating the Ethereum decentralization lending market.

PANews August 12 news, according to The Block, the total value locked (TVL) of the Aave protocol has surged from $8 billion to $47 billion this year, accounting for about 80% of the lending market share on Ethereum. The number of active borrowing users on Aave has exceeded 1,000, demonstrating its dominant position in the DeFi lending space. The protocol achieves transparent lending through smart contracts, allowing users to access funds 24 hours a day without barriers and manage their assets flexibly. Aave's rapid rise reflects that institutions are accelerating the adoption of decentralized lending, making this sector an important bridge connecting TradFi and the crypto market.

AAVE9.04%
ETH6.54%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
LongAndShortLeeksvip
· 19h ago
PANews reported on August 12 that the total locked-up value (TVL) of the Aave protocol has surged from $8 billion to $47 billion this year, capturing about 80% of the lending market share on Ethereum. The number of active borrowing users on Aave has exceeded k, demonstrating its dominant position in the DeFi lending space. The protocol enables transparent lending through smart contracts, allowing users to access funds 24/7 without barriers and manage their assets flexibly. Aave's rapid rise reflects that institutions are accelerating the adoption of decentralized lending, making this field an important bridge connecting TradFi and the crypto market.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)