The lending activity of the loan agreement Aave on Ethereum has surged dramatically, with the net flow rising to 500 million US dollars in the past week
According to data disclosed by IntoTheBlock, Aave's lending activity on Ethereum has surged dramatically, with the net flow over the past week rising to $500 million. Multiple indicators of the Aave protocol have reached new highs, and compared to 2021, the total supply of stablecoins is significantly higher. According to DeFiLlama data, Aave's current TVL is higher than during the last bull market in October 2021, setting a historical record at $38.6 billion. The protocol's estimated annual income is $117 million.
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