Lending protocol Aave has seen a sharp increase in lending activity on Ethereum, with net flows rising to $500 million in the past week

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MarsBit
12-15
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According to IntoTheBlock data, Aave's lending activity on Ethereum has increased sharply, with net flows reaching $500 million in the past week.

Several metrics of the Aave protocol have reached new highs, and the total supply of stablecoins is also significantly higher compared to 2021. defillama data shows that Aave's TVL is currently higher than the previous bull market in October 2021, reaching a new all-time high of $38.6 billion. The protocol's estimated annual revenue is $117 million.

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