Odaily Planet Daily News Aave's net deposits have exceeded $50 billion, making it the first DeFi protocol to reach this scale. The data counts its total collateral assets in 34 on-chain markets minus outstanding loans. The founder of Aave said that more and more traditional financial institutions are beginning to use it as a lending infrastructure.
This breakthrough also reflects the overall recovery trend of DeFi. Data shows that since December 2024, the total locked-in volume (TVL) of the DeFi industry has approached $120 billion, of which Ethereum on-chain lending business is dominant, with a locked-in scale of more than $63 billion. DefiLlama data shows that Aave's current TVL is about $29 billion, almost half of the field.
It is reported that the Aave governance community is promoting a number of upgrade plans such as "Aave V4", intending to introduce account abstraction and native real-world asset vaults, while planning to support Bitcoin Layer2 assets and expand the stablecoin GHO to more blockchain platforms. (The Block)