Aave Hits $10 Billion in Active Loans, Reflecting DeFi’s Renaissance

Quick Summary:

Aave, a pioneering protocol in decentralized finance (DeFi), has reached a significant milestone: $10 billion in active loans.From $3.4 billion at the beginning of the year, this is a 300% increase in lending activity.

Active loans on the platform rose by 16.4 percent to $10.

Similarly, the projected yearly income has been updated to $113.84 million.

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Article Details

Author / Journalist: Imran

Category: Crypto

Markets: United Arab Emirates

Topics: Blockchain Defi News AAVE

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 14:15:12 (17 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 282 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23742360

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 37 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 14 hours ago

Coverage Areas: United Arab Emirates

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