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Aave protocol TVL soars to nearly 50 billion USD, dominating the Ethereum decentralization lending market.
PANews August 12 news, according to The Block, the total value locked (TVL) of the Aave protocol has surged from $8 billion to $47 billion this year, accounting for about 80% of the lending market share on Ethereum. The number of active borrowing users on Aave has exceeded 1,000, demonstrating its dominant position in the DeFi lending space. The protocol achieves transparent lending through smart contracts, allowing users to access funds 24 hours a day without barriers and manage their assets flexibly. Aave's rapid rise reflects that institutions are accelerating the adoption of decentralized lending, making this sector an important bridge connecting TradFi and the crypto market.