Aave is the leading decentralized platform for loans. Currently, its aggressive loans are over $22.4 billion, according to token device data.
With this number, AVE concentrates 66.1% of the total decentralized loan marketleaving competitors very behind.
For example, Morpho is in his second position, managing the loan at $2.7 billion, accounting for 8% of the total. Spark continues at $2.2 billion, representing 6.6%.
This graph shows the distribution of loan liability assets per platform.
The expansion of Aave to multiple distributed networks was one of the factors that kept its growth going. the current, The platform runs on 11 networksEthereum, Polygon, Any One, Avalanche, Optimism, Zksync Era, Base, Phantom, Sonic, Gnosis, BNB Chain. This multi-red strategy gives you greater flexibility and access for users looking for loan and liquidity options across a variety of ecosystems.
Aave is a Defi platform that allows you to provide cryptocurrency in decentralized cryptocurrencies through liquidity pools using intelligent contracts. Its operational model is part of the automated market maker category because it does not rely on traditional intermediaries.
Alongside the rise in active loans, Aave, the platform’s governance token, is currently cited at $288. Last year’s performance showed a 209% growth from $94.4. This rebound is substantial, but it’s lower compared to other cryptocurrencies, where price increases have risen much higher. Assets can continue to rise, It can be underestimated in relation to the operational performance of the platform.
Aave’s recent evolution is also supported by reports from mid-July. One of them shows that users have entrusted the platform with a total deposit worth $550 million. This amount is lined up along or more than US regional banks, such as Boku Financial Corporation and Pennsylvania’s First National Bank.
A comparison table released by Kolten B, marketing director at Aave Labs, Place the platform at number 46 in the US banking system The amount of sediment is reported by encryption.
Meanwhile, companies in the traditional financial sector are beginning to interact directly with the platform. The BTCS company cited in Nasdaq recently acquired 2,731 ETH and used the 2.34 million USDT loan obtained through Aave. This business has increased the company’s ETH holdings to over 31,000 units and is being deployed. This cryptocurrency is among the leading organizations with the largest amount of reserves.
(tagstotranslate) aave (ethlend)
