Aave Says Cumulative Loan Volume Has Surpassed $1.1 Trillion
Founder Stani Kulechov highlighted the protocol’s code-based lending system and called for more borrowing and lending to move onchain.
Aave has processed more than $1.1 trillion in cumulative loan volume, a milestone its founder Stani Kulechov cited while urging more lending activity to move onchain.
Kulechov contrasted the protocol’s code-based coordination of borrowing and lending with traditional finance, which he described as relying on back-office teams, settlement departments, intermediaries and legal agreements.
Aave is a decentralized lending protocol. Its cumulative loan volume measures the total value of loans processed over time.
Simon Yoon
ReporterSimon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.