The volume of clean deposits on AAVE exceeded $ 50 billion

AAVE was the first Defi-protocol of lending, the volume of pure deposits of which exceeded $ 50 billion. The founder of the project of Stani Kulechov indicated to achieve.

“This is an important point for the entire Defi ecosystem. We are moving towards the trillions, ”he wrote.

Kulechov also added that AAVE infrastructure attracts more and more Tradfi companies. In March, the project team launched the Horizon initiative to integrate Real World Assets (RWA) in Defi. According to him, institutional interest helps the protocol grow.

Another factor is the historical correlation of lending with market phases. Over the past few days, Bitcoin has updated several price records, pulling the rest of the crypto council.

According to Defi Llama, at the time of writing, the total amount of blocked funds (TVL) AAVE is also at the peak – $ 29.8 billion. Since the beginning of the year, it has grown by 45%.

Together with the ecosystem, its native token – AAVE is growing. According to Coingecko, over the past day its price has increased by 6.8%. At the time of writing, the coin is traded above $ 320.

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Source: Cryptocurrency

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