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TL;DR EigenLayer's Growth: EigenLayer has overtaken Aave as the second-largest DeFi protocol, reaching an all-time high TVL of $11 billion, a significant 844.6% increase since the beginning of 2024.
Within the decentralized finance (DeFi) space, Ethereum staking protocol EigenLayer has surged past lending protocol Aave, securing its position as the second-largest DeFi protocol by total value locked (TVL). With a staggering $10.4 billion worth of crypto assets committed to the protocol, EigenLayer's ascent marks a noteworthy milestone, shaking up the hierarchy of DeFi platforms.
EigenLayer is now the second-largest DeFi protocol behind Lido after taking Aave's spot.
The total value locked (TVL) of restaking protocol EigenLayer has surpassed that of popular decentralized finance protocol Aave, making it the second largest protocol by TVL.
In a significant move poised to reshape the landscape of decentralized finance (DeFi), Ethena 2, in collaboration with the Aave Chan Initiative (ACI), has put forward a compelling proposal to integrate sUSDe, a synthetic dollar derivative, into Aave V3 on the Ethereum blockchain.
Ethena 2 and the Aave Chan Initiative (ACI) propose integrating sUSDe, a synthetic dollar derivative, into Aave V3 on Ethereum. This collaboration aims to utilize Ethena 2's financial innovations to enrich the Aave ecosystem, offering increased utility and yield-generating opportunities through DeFi strategies.
Ethena 2, alongside the Aave Chan Initiative (ACI), has proposed the addition of sUSDe, a synthetic dollar derivative, to Aave V3 on Ethereum. This move seeks to leverage Ethena 2's innovative financial mechanisms to enrich the Aave ecosystem, promising enhanced utility and potential for yield generation through DeFi strategies.
Ethena's groundbreaking proposal introduces sUSDe into Aave v3, offering stability and reliability to decentralized finance (DeFi) users.
In a strategic move within the decentralized finance (DeFi) landscape, Gauntlet, a prominent DeFi risk management firm, has swiftly transitioned its collaboration from Aave to Morpho. This transition comes days after Gauntlet departed from Aave, a leading DeFi lending protocol.
The DeFi risk management firm made the jump to Morpho less than a week after parting ways with rival lending protocol Aave.
Aave's Lens Protocol goes permissionless - developers can now build social apps leveraging Lens's identity and content graph without limits.
Gauntlet, a blockchain analytics company, is joining lending protocol Morpho Labs as a Risk Curator, days after it decided to leave open-source liquidity protocol Aave.
According to Gauntlet, the move offers the potential for more money with greater flexibility.
While AI tokens were grabbing attention in the crypto world over the past few weeks with soaring values, the focus has now turned to DeFi in the last few days.
Capital inflow shifted toward DeFi tokens from AI tokens, allowing cryptos like UNI to flourish.
Defi Tokens: In a notable shift in the crypto market's focus, DeFi (Decentralized Finance) assets have begun to recapture attention amidst the burgeoning AI craze. According to a recent analysis by Santiment, a leading crypto analytics firm, prominent DeFi tokens such as UNI (Uniswap), COMP (Compound), SUSHI (SushiSwap), and AAVE have experienced significant spikes in
The top lending platform in decentralized finance (DeFi) is now on the BNB Chain. In a thread on social media platform X, BNB Chain says money market protocol Aave (AAVE) is now integrated into its network. “We're thrilled to announce that Aave, the largest DeFi money market protocol, has officially joined the BNB Chain ecosystem.
Gauntlet has decided to withdraw from its role as Risk Steward for Aave, pointing to governance and operational challenges as the main reasons. This announcement marks the end of a four-year collaboration that has helped in growing Aave.
In a significant development for the Binance Smart Chain (BSC) ecosystem, Aave (AAVE), one of the largest decentralized finance (DeFi) market protocols, has announced its integration with BNB Smart Chain. Aave joins prominent projects such as Uniswap, Ambit Finance, PancakeSwap, and Lista DAO.
Aave, a prominent decentralized finance (DeFi) platform, has broadened its reach by deploying its money market protocol on the BNB Chain network. This strategic move represents a significant advancement in the expansion of BNB Chain's DeFi ecosystem.
The risk management firm has announced that they would be ending their longstanding partnership.
On Feb. 22, 2024, the primary development group of the BNB Chain revealed that the decentralized finance (defi) money market protocol, Aave, has been successfully launched on the BNB network. Boasting a total value locked (TVL) of $8.571 billion, Aave is now active across 13 blockchains in total.
The BNB Chain team said that Aave's deployment on the network provides their community access to increased liquidity and new lending and borrowing options.
John Morrow, co-founder of Gauntlet, said it's been difficult to navigate 'inconsistent guidelines' of Aave's largest stakeholders.
