📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
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1️⃣ Research the MBG project
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Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
Decentralization lending protocol Aave's net deposits exceeded 50 billion USD.
PANews July 14 news, according to The Block report, the net deposit amount of the decentralized lending protocol Aave has surpassed $50 billion, making it the first DeFi project to reach this milestone. This data accounts for the total collateral assets minus outstanding loans across 34 on-chain markets. Its founder stated that financial institutions are increasingly adopting the protocol as lending infrastructure. This breakthrough aligns with the overall recovery trend of DeFi, with data showing that the total locked value (TVL) in the DeFi industry is approaching $120 billion for the first time since December 2024, with Ethereum's on-chain lending business dominating, locking up over $63 billion in value. DefiLlama shows that Aave's locked amount reached $29 billion, accounting for almost half of that figure. It is reported that Aave's governance community supports several upgrade plans, including "Aave V4," which aims to introduce account abstraction and a native real-world asset treasury. Related proposals also include support for Bitcoin Layer2 network assets and expanding Aave's stablecoin GHO to more blocks.