Hi HODLers, Hiveans and Lions,
A few days ago I shared that two of my big positions for this ongoing cycle are $UNI #uniswap and $AAVE as I believe they are the Robinhood and Schwab of our ecosystem.
Therefore, as long as the overall ecosystem grows, they will also grow with.
They are the ones selling the jeans, tents and pickaxes for the gold rush. And in the end, they will be the ones benefiting the most!
$AAVE Loan volume triples Year to Date!
They just hit $10bn in active loans. They started the year at $3.4bn. It grew 33% over the past 30 days!
During the same time, the TVL on the protocol grew by 26.7% to $16bn! They are of course earning fees on these and increasing their competitive advantage compared to smaller alternatives.
What's next for Aave!?
- A possible deployment on Spiderchain, a Bitcoin layer-2 network designed by Botanix Labs. This would combine Bitcoin's deep liquidity with Aave 's lending ecosystem.
The Aave-Chain Initiative (ACI) is currently seeking feedback from its community on the proposal. If successful, it could further solidify the platform’s leadership within DeFi.
- 56% of cbBTC (Coinbase's wrapped Bitcoin) are housed on Aave
Donald Trump’s crypto project, World Liberty Financial (WLF), has submitted a proposal to the Aave governance forum. The former president and his business partners plan to use the platform for their cryptocurrency offering.
As you can tell, Aave seems to be at the crossroads of multiple DeFi initiatives and chains. This is exactly where a project wants to be during a BullRun to be sure to not miss the next trend/pump!
Stay safe out there,