Lending protocol Aave has seen a sharp increase in lending activity on Ethereum, with net flows rising to $500 million in the past week
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2024-12-15 18:32 7,638
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Golden Finance reported that according to data disclosed by IntoTheBlock, Aave’s lending activities on Ethereum have increased sharply, with net flows rising to US$500 million in the past week. Several metrics for the Aave protocol have reached new highs, and the total stablecoin supply is also significantly higher compared to 2021. According to DeFiLlama data, Aave’s TVL is currently higher than during the last bull market in October 2021, hitting a record high, tentatively reported at $38.6 billion. The agreement has estimated annual revenue of $117 million.