According to PANews, decentralized finance protocol Aave has achieved a significant milestone by surpassing three major U.S. banks in terms of deposit volume. With a total deposit amount of $67.921 billion, Aave has climbed into the top 40 U.S. banks, securing the 38th position.
The data comparison indicates that Aave has outpaced traditional banks such as SouthState Bank, Valley National Bank, and CIBC Bank USA. This development highlights the growing influence and adoption of decentralized finance platforms in the financial sector.