Decentralization lending protocol Aave's net deposits exceeded 50 billion USD.

robot
Abstract generation in progress

PANews July 14 news, according to The Block report, the net deposit amount of the decentralized lending protocol Aave has surpassed $50 billion, making it the first DeFi project to reach this milestone. This data accounts for the total collateral assets minus outstanding loans across 34 on-chain markets. Its founder stated that financial institutions are increasingly adopting the protocol as lending infrastructure. This breakthrough aligns with the overall recovery trend of DeFi, with data showing that the total locked value (TVL) in the DeFi industry is approaching $120 billion for the first time since December 2024, with Ethereum's on-chain lending business dominating, locking up over $63 billion in value. DefiLlama shows that Aave's locked amount reached $29 billion, accounting for almost half of that figure. It is reported that Aave's governance community supports several upgrade plans, including "Aave V4," which aims to introduce account abstraction and a native real-world asset treasury. Related proposals also include support for Bitcoin Layer2 network assets and expanding Aave's stablecoin GHO to more blocks.

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
  • Comment
  • Share
Comment
0/400
No comments
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)