Aave reached $ 30.5 billion in active loans on 18 September, which represents 65% of the $ 46.72 billion in total active loans on decentralized protocols.
Data from the token terminal shows that the loan protocol maintains a comfortable lead About competitors. The nearest rival, Morpho, has less than $ 5 billion in active loans.
Aave has also locked a total value (TVL) of $ 42 billion, making it the largest Defi protocol in TVL, based on Defillama facts.
The deposit figures would position Aave as the 53rd largest American commercial bank If it operated under traditional bank structures, he places it at the top 2.5% of American commercial banks based on regulatory data of 30 June.
Aave Rent Hot
The protocol generated $ 24.6 million in reimbursements In the past seven days, arrange on the fifth largest crypto protocol in the consideration of centralized Stablecoin emissioners who have Tether and Circle Tether and Circle.
Under purely decentralized protocols, Aave is in third place in weekly reimbursements, only left behind behind pump.fun and uniswap.
Users have access to Aave for multiple purposes that go beyond basic loans. The protocol serves as a liquidity source for traders looking for leverage because they use assets from their holding positions to borrow extra capital.
By using holdings to gain more liquidity, traders use their positions entirely on the chain. In addition, holders are looking for a higher return on their sleeping assets and pursuing investors than traditional financial offers.
Provides benefits
Revenue benefits compared to traditional banking attract considerable capital to the protocol. Aavering to show USDC deposits on the basis of earning 5.76% APY via Aave, which considerably exceeds the average of 0.39% that is offered by FDIC-insured banks.
Similar premiums exist between networks and stablecoins, with Ethereum USDC yielding 5.12% and Avalanche USDC with 5.03% return.
At the same time, USDT generates 5.09% on Ethereum via Aave compared to traditional banking averages, while alternative networks such as Linea offer 3.94% on USDT deposits. These rates consistently perform better than conventional bank products while retaining the accessibility of the chain.
The growth in active loans indicates how crypto investors are more inclined to use decentralized protocols for leverage and yield, with a significant participation in this sector having significant participation.
