Lending protocol Aave has become the first decentralized finance application to surpass $50 billion in total deposits, establishing itself as the "bank of DeFi" and rivaling mid-tier traditional banks in assets.
Aave by the Numbers
- Total deposits: $52.3 billion
- Active loans: $28.7 billion
- Revenue (annualized): $890 million
- Supported chains: Ethereum, Polygon, Arbitrum, Optimism, Avalanche, Base
The growth has been fueled by institutional deposits using Aave's permissioned pool (Aave Arc) and the broader DeFi renaissance driven by real-world asset tokenization. AAVE token has surged to $380.
