Aave Dominates DeFi Rally, Grabs 31% of $49B TVL Increase
Main Idea
Aave has significantly contributed to the growth of decentralized finance (DeFi) TVL, accounting for 31% of the total increase since April, and is expanding its services to drive institutional adoption of on-chain lending.
Key Points
1. DeFi protocols added approximately $49 billion in net TVL since April, with Aave contributing around $15 billion (31% of the total growth).
2. Aave's native token, AAVE, has risen above $330, gaining nearly 36% in the past month amid a broader market rally.
3. Aave launched its permissioned Aave Arc protocol in 2021, integrating KYC and participating in Singapore’s Project Guardian for asset tokenization.
4. Aave's community approved a proposal (99.8% approval) to whitelabel Aave v3 for Kraken’s Ink blockchain, aiming to drive institutional adoption of on-chain lending.
5. The Ink Foundation has pledged funding to develop the protocol, with ARFC fees equivalent to a 5% reserve factor.
Description
Since April, decentralized finance (DeFi) protocols have added approximately $49 billion in net total value locked (TVL). Interestingly, Aave accounted for around $15 billion of this increase and represented roughly 31% of the total growth across DeFi platforms during the period. Aave Leads the Pack The latest figure means that for every $10 billion added to DeFi TVL, Aave contributed about $3 billion, according to recent data shared by Sealaunch on Dune Analytics. Aave is a decentralized financ...
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