Hold onto your hats, folks, because Aave is having a blockbuster year! This decentralized finance (DeFi) powerhouse has jumped through the roof, with its active loans soaring over 300% in 2024. We're talking about a jaw-dropping $10 billion in active loans—up from a mere $3.4 billion at the start of the year. That's what we call a growth spurt!
The on-chain DeFi data from Token Terminal reveals that Aave's active loans have seen a 16.4% leap in just the past 30 days, touching $10.04 billion. And that's not all—Aave's total value locked (TVL), or the total amount of crypto lounging on the platform, has shot up by a cool 26.7% to hit $15.96 billion. It's like watching a rocket launch!
But wait, there’s more to this financial fiesta. Fees have climbed by 48% to a sweet $40.34 million, and if you annualize that, we’re talking about over $490 million—a nifty 33% boost from last month. The revenue train is chugging along too, with monthly earnings soaring by 82% to $9.36 million, and annualized projections now at a dazzling $113.84 million. In just 30 days, Aave's earnings have skyrocketed a mind-blowing 1,628%!
Aave's community is buzzing too, with nearly 173,000 token holders—a tiny 0.9% uptick from last month—but daily active users have surged by more than 40%, with over 6,200 users hopping on board each day. It's a DeFi renaissance, as Aave's founder, Stani Kulechov, calls it!
And as if that wasn't enough, Aave's got its eyes set on new horizons. There's chatter about a potential partnership with Spiderchain, a Bitcoin layer-2 network by Botanix Labs. This could link Bitcoin's liquidity with Aave’s lending magic, letting Ethereum apps mingle with BTC assets. The Aave-Chain Initiative (ACI) is actively seeking community feedback on this exciting proposal. If it gets the green light, it could cement Aave's place as a DeFi frontrunner.
And the intrigue doesn’t stop there. In October, the buzz was about a proposal from President-elect Donald Trump’s DeFi project, World Liberty Financial (WLF), to set up shop on Aave. They dangled a tempting offer of 20% of all protocol fees and 7% of WLF’s governance token supply.
In the same month, Aave saw a surge in deposits of Coinbase’s wrapped Bitcoin, cbBTC, with 56% of it cozying up on the platform.
However, it's not all sunshine and rainbows. Aave's native token, AAVE, took a bit of a tumble, dropping 3.4% in the past 24 hours and over 12% over the week. Yet, over the past three months, it's climbed 31.7% and has rocketed up 81% in the last six months. Talk about a wild ride!
To sum it up, Aave is on a rollercoaster of success, and it doesn't look like it's slowing down anytime soon. Keep your eyes peeled and your crypto wallets ready!
