Aave Tightens Grip on Ethereum Lending with $25 Billion Loan Dominance
TL;DR Aave controls 82% of Ethereumās lending market, managing about $25 billion in outstanding debt and holding a $50 billion TVL. The protocol serves roughly 1,000
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). It was created by Vitalik Buterin in 2013 as a way to expand the functionality of blockchain technology.
Ethereum’s native cryptocurrency,Ā EtherĀ (ETH), is used to pay for transaction fees and computational services on the network. Ethereum’sĀ smart contract functionalityĀ allows developers to create self-executing contracts that can automate complex transactions and operations, such as the transfer of assets, voting systems, and more. Ethereum’s flexibility andĀ community supportĀ have made it a popular choice for buildingĀ decentralized applicationsĀ and other blockchain-based projects.
TL;DR Aave controls 82% of Ethereumās lending market, managing about $25 billion in outstanding debt and holding a $50 billion TVL. The protocol serves roughly 1,000
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