Aave's Total Value Locked Surpasses $50 Billion

BlockBeats News, July 14th, according to The Block, decentralized lending platform Aave announced that its net deposits have surpassed $500 billion for the first time, becoming the first decentralized finance (DeFi) lending protocol to reach this milestone. This achievement marks a continued upward trend in the on-chain space since late October 2023.