PANews August 12 news, according to The Block, the total value locked (TVL) of the Aave protocol has surged from $8 billion to $47 billion this year, capturing approximately 80% of the lending market share on Ethereum. The number of active borrowing users on Aave has surpassed a thousand, demonstrating its dominant position in the DeFi lending space. The protocol enables transparent lending through smart contracts, allowing users to access funds 24/7 with no thresholds and flexibly manage their assets. Aave's rapid growth reflects that institutions are accelerating the adoption of decentralized lending, making this sector an important bridge connecting traditional finance with the crypto market.
