The net flow of the Aave lending agreement has soared to 500 million US dollars in the past week
According to data revealed by IntoTheBlock, Aave's lending activity on Ethereum has sharply increased, with the net flow soaring to $500 million over the past week.
Note: According to market information, the lending protocol Aave token AAVE surged and broke through $380 on the 12th, reaching $388.52. Multiple indicators of the Aave protocol have reached new highs and compared to 2021, the total supply of stablecoins is significantly higher. Data from DeFiLlama shows that currently, Aave's TVL (Total Value Locked) is higher than during last bull market in October 2021, setting a historical high at approximately $38.6 billion. The estimated annual revenue for this protocol is $117 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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