Aave's monthly active users reached a record high of 155,000 in February
According to Odaily, the monthly active users of the DeFi lending protocol Aave reached approximately 155,000 in February, setting a new all-time high and representing about a 100% increase over the past six months. Analysts pointed out that as the basis trading yield dropped from 10%-30% to below 4%, low-risk yield strategies have decreased, prompting investors to turn to DeFi lending. Currently, Aave's total value locked across 20 blockchains is close to $27 billion. In addition, the governance group Aave Chan Initiative announced last week that it would cease operations due to transparency disputes with Aave Labs.
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