Aave Surpasses $1 Trillion in Lending Volume Amid Institutional Expansion

Aave, a leading DeFi lender, has reached a significant milestone by surpassing $1 trillion in lending volume amid its continued institutional expansion. The platform's user value secured has grown to $27.2 billion, and it has collected $83.3 million in fees over the past 30 days. This impressive performance highlights Aave's dominance in the DeFi lending market.

Gate, another prominent player in the space, has obtained a Payment Institution license under the EU's PSD2 directive. This enables Gate to provide stablecoin payment services and further expands its reach into the European market.