Home Cryptocurrency Aave elbows US banks aside with record $50b in net deposits

Aave elbows US banks aside with record $50b in net deposits

Aave has surpassed $50 billion in crypto deposits, becoming the first DeFi protocol to rival mid-sized U.S. banks in scale. When it comes to finance, banks have long held the top spots for managing people’s money. Yet Aave, a decentralized…

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

What’s Driving The Drop? Bitcoin, Ethereum, And XRP Struggle Amid Market Uncertainty

After beginning the week above the critical $115,000 mark, Bitcoin (BTC) and...

Ether set to go ‘nuclear’ with 3 active ‘supply vacuums’ — Analyst

The supply of Ether is being pressured like never before, and with...

Dogecoin (DOGE) Resilient Above $0.20 – Can Momentum Shift Toward Fresh Upside?

Dogecoin started a fresh increase above the $0.20 zone against the US...

Fidelity purchases $132.7 million in Bitcoin

Fidelity’s Bitcoin acquisition signals growing institutional trust in crypto, potentially influencing broader...