The total value of Aave locked (TVL) has achieved a record high of $ 24.389 billion, which indicates renewed investor confidence in the decentralized finance (Defi) protocol.
Onchain Lending Platform Aave sets new TVL -Benchmark
The newest milestone of the Lending Protocol places it one of the largest Defi platforms in TVL, with a market capitalization of $ 3,335 billion and a completely diluted appreciation of $ 3,53 billion. Aave’s native token, aave, acts at $ 222 with a 24-hour volume of $ 410.28 million.
Source: Defillama.com
About $ 14.865 billion has currently been borrowed on the platform, with $ 632.96 million in a deported deployed – based on almost 19% of market capitalization. The annualized protocol costs are $ 342.05 million, while the income on an annual basis is registered at $ 44.45 million. Treasury Holdings a total of $ 86.17 million.
The project has so far raised $ 48.7 million and $ 18.07 million in annual operational costs. Activity on the platform seems to be supported by both institutional and retail participation, since the wider Defi sector is experiencing a revival.
Historical events plotted on the TVL graph via Defillama.com reflect crucial moments such as Ethereum V2 and Avalanche (AVAX) rewards, the Steth and UST’s Depeg and stimulation programs such as Optimism (OP) Rewards.
Aave is a non -custodial liquidity protocol with which users can borrow and borrow crypto assets without intermediaries. It uses overcollateral loans and supports a wide range of digital assets over multiple block chains.
The decentralized financing protocol also includes functions such as flash loans, interest rate change and set -up based on governance, so that users offer flexibility and transparency in decentralized financing activities.
