Aave, the non-custodial lending and lending protocol, has become the second DeFi to surpass the $1 billion mark. This number means that users have loaded the Aave protocol with $1 billion worth of assets to perform lending and borrowing functions.
Recently, Aave also announced version two of the protocol, preparing a set of new features for users, including native non-decentralized loans/credit authorizations, improved borrowing rates, and transactions. debt translation.
Aave hit $1 billion in locked assets just three weeks after MakerDAO became the first DeFi protocol to set the record. Currently, the total assets locked in DeFi protocols have grown to $6 billion.