Aave, a leading decentralized finance (DeFi) protocol, has achieved a milestone of $10 billion in active loans, marking a 300% increase in lending activity since the beginning of the year. The platform has seen a 16.4% rise in active loans in the past 30 days, reaching a total value of $10.04 billion. Additionally, the total value locked (TVL) on the platform has increased by 26.7% to $15.96 billion. Aave's fees have risen by 48% to $40.34 million, with projected yearly income updated to $113.84 million. The number of token holders has also increased by 0.9% to approximately 173,000. Aave is considering expanding beyond loans and may launch on the Spiderchain Bitcoin layer-2 network to enable Ethereum apps to interact with Bitcoin assets.



Other News from Today