Aave is dominating the challenging space as it attracts more users and assets
Liquidity in the popular lending protocol has already reached its all-time high even though the price fell 42.5% from its peak fifteen days ago.
The popular Defi lending protocol, Aave, now dominates the decentralized financial space.
With more than $ 10 billion in total blocked assets (TVL), Aave now accounts for 15.42% of TVL’s market share of deficiencies, according to Challenge Award.
This TVL fell from a height of $ 12.34 billion on May 15 to $ 68 billion early last week. Now, in just over a week, it has recovered almost 50%.
In terms of assets, Aave has just over 1 million ETH, 38.5k BTC and 265.58 DAI, all very close to its ATHs. ETH 6.73% Ethereum / USD ETHUSD $ 2,851.50
$ 191.916.73% Volume 30.6 b Change $ 191.91 Open $ 2,851.50 Circulating 116.14 m Market capitalization 331.17 b 14 h Fan-backed NFT platform, Candy Digital, reaches agreement with MLB to trade non-expendable tokens 16 h Toronto-based electric vehicle maker Daymak to launch first 18-hour cryptographic mining electric car Kraken is looking for wider cryptographic adoption with the launch of the mobile commerce app in the US. UU. Available on Apple and Android BTC 5.80% Bitcoin / USD BTCUSD $ 39,110.99
$ 2,268,445.80% Volume 36.39 b Change $ 2,268.44 Open $ 39,110.99 Circulating 18.73 m Market Capitalization 732.37 b 16 h Toronto-based electric vehicle manufacturer Daymak will launch the first electric car for cryptographic mining 18 h Bitcoin is an alternative to copper as a ‘risk- On’ hedging ‘inflation instead of’ risk-free ‘gold: 6pm Goldman Sachs analyst Kraken seeks wider adoption of digital currency with launch of the mobile commerce application in the US. UU. Available on Apple and Android
Interestingly, in terms of TVL, other lending protocols are also the ones that capture second and fourth place, with Maker (MKR) and Compound (COMP) with $ 8.9 billion and going $ 7.5 billion, respectively. The Sidechain Polygon (MATIC) project, which has grown enormously this year, is currently in third place with $ 7.55 billion in TVL. MKR 3.46% Creator / USD MKRUSD $ 3,677.20
$ 127.233.46% Volume 167.62 m Change $ 127.23 Open $ 3.677.20 Circulating 991.49 K Market capitalization 3.65 b 20 h Aave is dominating the challenging space as it attracts more users and assets 4 d the EIP-1559 Fulfill its promises , but does not solve the problem of gas tariffs 1 w will be implemented EIP-1559 in Ethereum in late July? COMP 82.58% Compound currency / USD COMPUSD $ 0.00
$ 0.0082.58% Volume 38 Change $ 0.00 Open $ 0.00 Circulating 53.73 b Market Capitalization 48.1 K 20 h Aave is dominating the challenging space as it attracts more users and assets 6 d the Uniswap Community in full agreement to implement V3 on Ethereum Layer 2 Solution Arbitrum 2 w Coinbase allows its more than one million portfolio users to use defi: DEX, NFT and more MATIC 2.46% Polygon / USD MATICUSD $ 1.83
$ 0.052.46% Volume 1.73 b Change $ 0.05 Open $ 1.83 Circulating 6.26 b Market capitalization 11.48 b 14 h Fan-backed NFT platform, Candy Digital, reaches agreement with MLB for trading non-expendable tokens 20 h Aave is dominating the challenging space as Attract more users and assets 1 d Ethereum (ETH) holders increase by 8,160,000, despite 60% reduction
Aave is currently working in a private group to make institutions imitate in challenge, as founder and CEO Stani Kulechov revealed last month.
Aave Pro by institutions pic.twitter.com/sUWOFDWcxd
– stani.eth 👻 = (⬤_⬤) = 👻 (@StaniKulechov) 17 May 2021
Liquidity in the protocol has also reached its ATH as high as $ 21.5 billion even though prices fell 42.5% from the peak of $ 662 a fortnight ago, according to CoinGecko.
AAVE is currently trading at $ 396 with a market capitalization of $ 5.07 billion.
This “means it was achieved with more users, volume and asset deposits rather than just price fluctuations,” noted one Aave enthusiast.
USDC has the highest liquidity of all in Aave, followed by ETH, WBTC and DAI.
Last week, the protocol generated $ 24.7 million with $ 6.5 million in interest, $ 307k in Flash loan fees, $ 800k in settlements, $ 5.9 million in Aave V2 distribution and $ 10.4 million in Polygon distribution with an additional $ 719k raised by the ecosystem.
This places the daily average of the protocol at $ 3.5 million, depending on the performance of the protocol and the update of the protocol.
Aave currently offers the highest APY in stable currencies; BUSD has the top 8% APY for depositors, excluding liquidity mining, followed by DAI at 3.26% and GUSD at 3.17%.
The total outstanding debt in the protocol is currently $ 5.54 billion, up from just $ 662 million at the beginning of the year.
Aave / USD AAVEUSD
404,0410 $ 28,407.03%
Volume 408.37 m Change $ 28.40 Open $ 404.0410 Current 12.79 m Market capitalization 5.17 b
Anty has been involved in the cryptographic space full time for over two years. Prior to her blockchain beginnings, she worked with the NGO Doctor Without Borders as a fundraiser and has since explored, read and created for different segments of the industry.