Aave, the Defi protocol that is known for its loan and loan services, has reached an important milestone and surpassed $ 50 billion in net deposits.
Aave positions this performance as the largest Defi protocol, with a total value locked (TVL) almost double that of his closest competitor, Lido.
According to recently facts From the Federal Reserve, the current deposito volume of Aave 47th would be under American commercial banks by consolidated assets, prior to financial giants such as Deutsche Bank and Barclays.
In fact, the total deposits on the Defi platform are now approaching 10% of the deposits at Goldman Sachs.
This emphasizes the growing influence of the protocol, making it comparable to traditional bank giants in the American financial landscape.
In addition, market analysts have pointed out that the TVL of the Defi platform could soon exceed the current pace of the growth of Circle, the centralized issue of USDC. USDC is the second largest stablecoin in the crypto industry, with a circulating range of more than $ 62 billion.
What drives Aave’s rapid growth?
Stani Kulechov, the founder of Aave, has credited the increase in the deposits of Aave to increase the interest of traditional financial (trandfi) and fintech companies.
These companies now use an Aave as their preferred infrastructure for credit activities, which indicates a growing acceptance of Defi within regular financing.
The platform has already put on several remarkable projects, including the Ethereum Foundation, which borrowed $ 2 million in Gho Stablecoins on Aave using Wrapped ETH (Weth) as collateral.
In addition, World Liberty Financial, a Defi company is linked to President Donald Trump, planning to use an Aave V3 agency on the Ethereum Mainnet, allowing users to borrow cryptocurrencies such as ETH, WBTC, USDC and USDT.
Seb Pulido, director of Institutional and Defi activities at a laborator, to see This momentum as part of a wider path to $ 1 trillion in deposits.
According to him:
“RWAS + Stablecoins will bring us there. The most value is still offchain; tokenization is moving onchain. Once Onchain it can serve as collateral and earn yield.”
To support this vision, Aave Labs recently introduced Horizon, an initiative aimed at integrating institutional RWAs into the Defi Ecosystem.
