$AAVE 🟠The deposited money in Aave skyrockets in the last month

In total, the decentralized lending platform manages the equivalent of 45 billion dollars in various tokens. Tether and Circle are the companies to "beat" for Aave.

Additionally, the stablecoin GHO recently reached an all-time high in market capitalization.

Aave, a decentralized lending platform, currently manages 45 billion dollars in total value locked (TVL), a metric that measures the value of assets deposited in the smart contracts of a DeFi protocol.

This volume positions Aave in first place among decentralized finance protocols. Aave, the historical leader in DeFi

"Aave positions itself as the largest DeFi protocol in history, controlling 21% of the total TVL of the ecosystem," said Aave Labs' marketing director, Kolten B. For the teams developing on Aave, this is significant. The protocol has served developers and users throughout multiple market cycles for five years and has managed billions of dollars for longer than most. Meanwhile, Aave's own stablecoin, GHO, has also experienced remarkable growth, reaching a market capitalization of 312 million dollars, a 39% increase from the 224 million recorded on July 1.