Over the Christmas holiday, someone deposited 125,000 ETH, worth $417 million, into the decentralized finance (defi) platform Aave. The deposit was made by an account linked to the crypto exchange HTX. Aave has been experiencing increased activity lately due to recent updates and influential partnerships. The platform has incorporated Chainlink's Smart Value Recapture oracle into its system and rolled out new enhancements with the launch of Aave version 3. Aave currently has a total value locked (TVL) of $20.483 billion, with the highest monthly growth rate among the top five defi platforms. Despite this, Aave's stablecoin GHO has seen a decrease in supply over the past month. This massive deposit into Aave on Christmas Day highlights the trend of funds flowing into defi, driven by technological innovations and political endorsements, indicating a thriving ecosystem. The same user has reportedly deposited a total of $1 billion into the lending platform.



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