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SpiritThe defi, which is known for its lending and credit services, hit a key milestone and exceeded the net deposits of $ 50 billion.
This success is positioned as the largest defi protocol, with the total value locked (TVL) almost doubled the value of its closest competitor Lido.
According to the recent data From the federal reserve system, the current AAVE deposit would be placed in 47th place between commercial banks from the USA consolidated assets, in front of financial giants such as Deutsche Bank and Barclays.
In fact, the total deposits on the Def platform are now approaching 10% of deposits in Goldman Sachs.
This emphasizes the growing influence of the protocol, which makes it comparable to traditional banking giants in the US financial environment.
In addition, market analysts pointed out that the DEFI platforms could soon cross a circle, a centralized USDC emitter, at the current pace of its growth. USDC is the second largest stablecoin in the crypto industry with a circulation offer of more than $ 62 billion.
What leads rapid growth of Aave?
TentThe founder of Aave, attributed an increase in Aave’s contributions to the growing interest from traditional financial (Tradf) and Fintech.
These companies are now accepting AAVE as their preferred credit surgery infrastructure, which signals the growing acceptance of definitions in normal financing.
The platform has already attracted several remarkable projects, including Ethereumwhich Borrowed $ 2 million in GHO Stablecoins to Aave using wrapped ETH (Weth) as collateral.
Moreover World Liberty FinancialOrtture associated with President Donald Trump, plans Deploying an instance Aave v3 On Mainnet Ethereum, which allows users to borrow and rent cryptocurrencies such as ETH, WBTC, USDC and USDT.
Seb Pulido, Director of Institutional and Definition Business in Aave Labs, sees This momentum in a wider journey to deposits of $ 1 trillion.
According to him:
“Rwas + stablecoins gets us there. Most of the values are still offchain; tokenization moves it onchain. Once onchain can serve as collateral and get yield.”
To support this vision recently Aave Labs the horizon presented, The initiative focused on integrating institutional RWA into the ecosystem of the Defi.
