Lending protocol Aave has seen a sharp increase in lending activity on Ethereum, with net flows rising to $500 million in the past week
According to data disclosed by IntoTheBlock, Aave's lending activity on Ethereum has sharply increased, with net flow rising to $500 million in the past week. Multiple metrics of the Aave protocol have reached new highs, and the total supply of stablecoins is significantly higher than in 2021. According to DeFiLlama data, Aave's TVL is currently higher than during the previous bull market in October 2021, reaching a historical high of $38.6 billion. The protocol's estimated annual revenue is $117 million.
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