DeFi lending has reached over 24 billion USD in active loans, marking a recovery since the 2022 downturn. Aave now leads with 16.9 billion USD in loans, reflecting increased liquidity in stablecoins and decentralized exchanges. This growth highlights improved confidence in the crypto sector.
The Ethereum ecosystem supports 33 billion USD in collateral for lending activities. Aave’s significant growth allows it to surpass previous leaders like Curve. Other protocols are also expanding, with Aave benefiting from a stable ETH price above 2,500 USD.
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