Aave net deposits hit a record high of $31 billion last week, on par with traditional banks

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According to ChainCatcher, as reported by Unchained,as of last Sunday, Aave's net deposits have reached a new high, making Aave's scale surpass that of thousands of commercial banks in the United States. Last month, the net deposits of cryptocurrency users increased by about $10.4 billion. The current total amount is approximately $31.4 billion, an increase of 50% from the $20.9 billion at the beginning of November.

According to the Federal Reserve's data as of September 30, based on the current net deposit level, Aave ranks 63rd among chartered commercial banks in the United States by consolidated assets, surpassing commercial banks and the Bank of New York.

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