Aave crosses $1T in lending volume as it targets bank and fintech integrations
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Aave has processed $1 trillion in cumulative lending, a first for DeFi. The protocol holds $27 billion in user value and generates substantial fees. The team plans to integrate with traditional banks and fintechs. This occurs alongside governance disputes over funding allocation.
Aave continues to dominate DeFi lending. The protocol secures $27.2 billion in user value. Over the last 30 days, it generated $83.3 million in fees. This figure is nearly four times higher than its closest competitor. The protocol has surpassed $1 trillion in cumulative lending volume. This is a historic milestone for the DeFi sector. A decade ago, DeFi did not exist. Today, Aave functions as the backbone of onchain lending. Aave Labs CEO stated the platform powers a new financial system. It is open, global, and unstoppable. This achievement moves Aave closer to its goal. It aims to become the largest liquidity network in the world.
