🪁 Aave competes with major banks
📈 Over the past month, the DeFi lending volume has increased by almost 19%, and active loans have reached a record level for the sector at $43 billion.
✅ The Aave protocol controls about two-thirds of the market and is six times ahead of its nearest competitor – Morpho.
✅ In terms of deposits, Aave has already surpassed Barclays and aims to reach $100 billion by the end of the year to catch up with Deutsche Bank.