According to DefiLlama data, the total locked-in value (TVL) of Aave, an Ethereum decentralized lending protocol, has now risen to $12.966 billion, the highest level since May 6, 2022.
DL News commented that this is the latest sign of DeFi's recovery from numerous disasters in 2022, which wiped out two-thirds of the industry's market capitalization. It also shows that cryptocurrency traders are flocking to ETH after ETF watchers said they expect the Securities Exchange Commission to approve a spot Ethereum ETF tomorrow.
Aave TVL nears $13 billion, a two-year high
2024-05-23 03:34:29
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