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Aave continues to lead DeFi lending, with $27.2 billion in user value secured and $83.3 million in fees over the past 30 days, nearly four times more than its closest competitor.Decentralized finance protocol Aave has surpassed $1 trillion in cumulative lending volume, marking a historic first in the DeFi industry.
“A decade ago, DeFi and Aave didn’t exist. They were just ideas. Today, Aave stands as the backbone of onchain lending, powering a new financial system that is open, global, and unstoppable,” Aave Labs CEO Stani Kulechov The feat marked another step toward Aave’s goal of becoming the “largest, most efficient liquidity network in the world,” Kulechov added. “One that builders, banks, and fintechs plug into by default, fundamentally improving liquidity and cost structures across global finance.”Aave Horizon, a new lending market on Ethereum, specifically for traditional finance firms and other institutional investors to borrow stablecoins against real-world assets. VanEck, WisdomTree and Securitize were among the first participants to use Aave’s institutional offering.“abundance assets,” such as solar, batteries for energy storage and robotics for labor. He expects those assets to be worth a combined $50 trillion by 2050.in TVL, including Morpho, JustLend, SparkLend, Maple, Kamin Lend and Compound Finance, each of which holds over $1 billion in total value locked.Aave has generated over $83.3 million in fees over the last 30 days, nearly four times that of its next-closest competitor, Morpho.Aave tokenholders have been asked to approve a package worth up to $42.5 million in stablecoins and 75,000 AAVE for Aave Labs. In return, Aave Labs would route all revenue from Aave-branded products to the Aave DAO treasury under a DAO-funded operating model.Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy
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