According to the 2022 IntoTheBlock report, the Aave (AAVE) crypto project took a leading position in transaction volume among all DeFi protocols. However, it temporarily lost this position but regained its leading place at the beginning of 2024.

Aave's share in the DeFi market is an impressive 60%. The protocol processes 46% of all transactions related to decentralized lending products. Furthermore, it's important to note that nearly 40% of all deals were made through Aave after the launch of Radiant Capital (RDNT) in 2023. This significant achievement is attributed to the stimulation of participants, paid in the form of the native RDNT token. Liquidity farmers actively trade this crypto asset, aiming to increase their profits.

AAVE is a decentralized protocol that offers the ability to borrow and lend cryptocurrency funds. Users can take loans and invest various cryptocurrencies, ensuring access to liquidity without the intermediation of centralized financial institutions.

The AAVE protocol uses Ethereum smart contracts to provide more efficient mechanisms. Borrowers can use their digital assets as collateral and receive funds in other cryptocurrencies, while lenders can offer their virtual currencies, earning interest.

One of the key features of the Aave protocol is the use of "instant loans" or flash loans. These loans allow for obtaining digital funds for a very short period without collateral, opening new opportunities for arbitrage and other market operations.