As DeFi recovery momentum gains momentum, AAVE V3 TVL briefly exceeds $10 billion

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ODAILY
10-02
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Odaily Odaily News As of September 28, AAVE V3 TVL has exceeded the $10 billion mark (currently falling back to $9.72 billion), a milestone that is a 197% increase from $3.36 billion at the beginning of the year. The growth of AAVE V3 is part of a broader recovery in the DeFi industry. The GMDEFI index, which tracks the price performance of DeFi tokens, has climbed from a low of 60 on September 6 to 79 on September 28, up 31.67% in more than three weeks. This rise is in line with the overall positive market trend over the past week, indicating that investors have regained confidence in the DeFi field. It is understood that AAVE V3 brings several key improvements compared to previous versions: Improved capital efficiency: New features such as isolation mode and efficient mode optimize capital use, allowing users to extract more value from their assets. Improved risk management: The introduction of new risk parameters and a sound risk management framework enhances the stability of the protocol, which is a key factor in institutional adoption of the protocol. Cross-chain functionality: AAVE V3’s ability to run across multiple blockchain networks enhances interoperability and promotes multi-chain development. (The Block)

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