Aave, the main platform for decentralized loans, reaches a deposit of $550 million and stands above several traditional financial institutions.
Banks such as BOK Financial Corporation and the first national bank in Pennsylvania in the United States; Overcoming with sediments as shown in the comparison table Published by Kolten B., Marketing Director at Aave Labs.
This milestone places Aave at 46th place compared to US banks, but still has deposits under other banks, such as the Columbia Banking System.
In this context, Aave will acquire most of the ecosystem’s liquidity and integrate leadership in the Decentralized Financial Sector (DEFI) as Stani Kulechov, the founder and CEO of the platform reported by Cryptootics.
Last week, Kuchev highlighted that. This volume attracts members interested in integrating their applications with the depth of the market they are offered.
Additionally, the platform stands out with active loans of over $180 million, exceeding the total of all competitors in the sector.
For that part, the governance token is aave Last year, we experienced a 210% growth.transitioning from $77 to 324. However, given the rapid growth of sediment and the dominant position of the Defi platform, the price of Cryptoactive could be undervalued. Token Aave is in the 29th position of market capitalization behind members such as Pepe, Shib, and Doge.
Meanwhile, Aave’s own stable has also experienced incredible growth, reaching a market capitalization of $312 million, up from 224 million recorded on July 1.
