Data shows that DeFi protocols have significantly increased their assets in recent months. Aave, in particular, has made a notable contribution to overall growth.
Aave Contributes to DeFi TVL Increase
Since April, DeFi protocols have added approximately $49 billion in total value locked (TVL). Of this, around $15 billion came from Aave, which accounts for about 31% of the total growth. For every $10 billion added to DeFi TVL, Aave contributed about $3 billion.
Transitioning to Centralized Service on Ink Blockchain
Aave is preparing to deploy a centralized version of its lending service on Kraken’s Ink blockchain. This initiative was backed by community members with 99.8% approval in an ARFC vote. The goal is to drive institutional adoption of on-chain lending.
Observations on AAVE Token Growth
Amid the broader market rally, the AAVE token has climbed above $330, gaining nearly 36% over the past month. The ongoing market growth is sustaining interest in the platform.
Aave continues to dominate the DeFi market, actively contributing to its growth and implementing new technologies, highlighting the importance of expansion strategies and institutional adoption.
