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AAVE records 33.9 billion USD deposits and 13.6 billion USD loans

Record-breaking AAVE growth: AAVE achieved remarkable growth in 2024 with net deposits amounting to 33.9 billion USD and active loans reaching 13.6 billion USD. This surge indicates a strong recovery from the 2022 downturn and reflects a rising preference for decentralized finance solutions over traditional systems.

Adoption on base blockchain: AAVE’s integration onto the Base blockchain has attracted over 75,000 active users monthly, surpassing Ethereum and Polygon in user engagement. This transition emphasizes the appeal of efficient and cost-effective DeFi platforms, boosting AAVE’s prominence in the competitive DeFi market.

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