Aave has achieved a significant milestone by surpassing $1 trillion in cumulative lending volume, solidifying its position as a leader in the decentralized finance (DeFi) industry.
The achievement marks another step towards Aave's goal of becoming the largest liquidity network in the world, with Aave Labs CEO Stani Kulechov stating that the protocol aims to become the 'largest, most efficient liquidity network' that builders, banks, and fintechs plug into by default.
Aave has been expanding its offerings, including the recent launch of Aave Horizon, a new lending market on Ethereum specifically designed for traditional finance firms and institutional investors. This move is part of Aave's strategy to integrate with traditional financial institutions and offer more services to users.