Aave

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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/aave-achieves-historic-deposit-milestone-in-decentralized-finance/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Aave Achieves Historic Deposit Milestone in Decentralized Finance</a> 
The decentralized finance protocol Aave has reached a historic level in its net deposits. With total deposits soaring to $31.4 billion, Aave has surpassed many commercial banks in the United States. Deposits increased by 50% within just one month, rising from $20.9 billion at the beginning of November. This growth has strengthened Aave’s market position and attracted significant attention in the decentralized finance space.
<h2 style="text-align: justify" id="strong-net-deposits-increase-by-50-strong">Net Deposits Increase by 50%</h2>
In the last 30 days, Aave has secured $10.4 billion in net deposits from its users. This increase indicates a rapidly rising demand for the borrowing and lending services offered by the protocol. Marc Zeller, founder of the Aave Chan Initiative, highlighted the growth, stating, “Aave’s growth this quarter is equal to the total growth of all lending protocols.” This surge has marked a pivotal moment that solidifies Aave’s leadership in the sector.
Aave’s native <a href="https://en.coin-turk.com/moo-deng-coin-surges-following-viral-popularity-of-thai-hippo/" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a>, AAVE, has also gained value alongside the rise in net deposits. The token increased by 14% in the last 24 hours and 69% over the past month, currently trading at $234. According to CoinGecko data, AAVE’s market capitalization has reached approximately $3.5 billion, indicating strong interest from the market in both the protocol and its token.
<h2 style="text-align: justify" id="strong-management-changes-on-the-horizon-strong">Management Changes on the Horizon</h2>
The Aave community continues to discuss a proposal that envisions significant changes to its governance structure. This proposal aims to distribute rewards generated from Aave’s revenue to token holders. The proposal, which passed a temperature check in July, is now undergoing a more detailed evaluation process. In this context, AAVE holders may formalize the proposal through on-chain voting.
Stani Kulechov, the founder of the protocol, stated on X, “Aave is growing faster than ever.” This growth is seen as a significant milestone that enhances Aave’s market influence while also being crucial for the future of decentralized finance.
The achievement of $31.4 billion in net deposits not only signifies success but also serves as evidence of the platform’s strong position in the decentralized finance world. Developments such as the rise in token prices and impending governance changes indicate that Aave’s growth is likely to continue.
The post <a href="https://en.coin-turk.com/aave-achieves-historic-deposit-milestone-in-decentralized-finance/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Aave Achieves Historic Deposit Milestone in Decentralized Finance</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Aave Achieves Historic Deposit Milestone in Decentralized Finance

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