Recently, Aave v3 reached a new record with a total value locked (TVL) of $26.09 billion, marking a significant achievement for the protocol amid a rising decentralized finance landscape.
Growth of Aave v3 TVL
In the last two months, Aave v3 has shown impressive TVL growth of 55%, increasing from $16.87 billion on April 1 to $26.09 billion currently. This represents an overall increase of more than 32% year-to-date, starting from $19.72 billion.
Increase in Protocol Revenue
With the increase in TVL, Aave has also demonstrated revenue growth. Average daily revenue rose from $900,000 in April to around $1.6 million in June. This nearly 80% increase reflects heightened borrowing activity and protocol utilization across its platforms.
Comparison with Bitcoin
The AAVE token has also shown significant growth, rallying over 65% in the past three months, well surpassing Bitcoin's 26% increase during the same period. This strong performance highlights investor confidence in lending protocols as the DeFi infrastructure continues to mature.
These factors together signal a renewed wave of activity in the DeFi sector, with Aave v3 at the forefront of this market resurgence.
