Is AAVE on the way to surpassing LidoDAO’s $6.4b TVL
Of late, the momentum of the market has changed. And, AAVE has been climbing up the price charts.AAVE climbing up the ladder
AAVE, on the other hand, has $6.06 billion in TVL, combining all the different versions of the protocol. While the former noted an 8.82% growth over the last 30 days, the latter recovered by 33.5% in the same time period.In fact, of the top five DeFi protocols, AAVE is the only one to note such a low growth ratio.
Furthermore, AAVE has the highest amount of deposits, standing at $5.5 billion, as compared to other protocols. Compound and MakerDAO stand somewhere at a little over $3 billion each.However, a factor that makes the difference is the number of outstanding loans. MakerDAO leads this front with $6.7 billion. AAVE, at one point in May, was on the verge of surpassing the former.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lido Finance: A 7-day assessment of LDO reveals shocking…Lido Finance is a leading DeFi protocol wherein users, for Lido Staked ETH (stETH) and a small percentage in yield, are allowed to deposit Ethereum. In its Lido Weekly Digest, published on 15 July, the protocol updated its users on the developments related to Lido and the “surrounding liquid staking space” between 8 July and […]
Read more »
Calgary mosquitoes unleash summer feeding frenzyPest control officials have collected about 12,000 mosquitoes from four traps in a week, far surpassing the 1,500 from all last year.
Read more »
Calgary mosquitoes making up for bloodless years with summer feeding frenzyPest control officials have collected about 12,000 mosquitoes from four traps in a week, far surpassing the 1,500 from all last year.
Read more »
B.C.'s Gulf Islands a perfect place to invent ways to save the worldErudite scientist Bowie Keefer\u0027s vision includes diverting warm currents from Greenland and Antarctic ice sheets to slow rising sea levels
Read more »
The Beginning of the Great Realignment Week at Legal InsurrectionAmerica’s political landscape is shifting beneath our feet in ways that could change everything.
Read more »
Raptors' Malachi Flynn scores 73 points in impressive pro-am displayToronto Raptors guard Malachi Flynn will hope to turn his impressive performance in a pro-am tournament into some NBA success.
Read more »