According to PANews, decentralized finance (DeFi) protocol Aave is showing signs of recovery, with the number of weekly active borrowers reaching a new record. Aave founder Stani Kulechov reported on August 14 that the lending protocol now has approximately 40,000 weekly active borrowers, surpassing the previous high set at the end of 2022.

Data indicates that this trend is driven by emerging lending markets such as Base and Scroll. According to Dune Analytics, Base currently accounts for nearly 30% of the total unique wallets on Aave V3. Layer2 platforms Arbitrum and Polygon follow in second and third place, with Aave wallet shares of 23.4% and 21%, respectively.

Meanwhile, Kulechov noted that the number of weekly depositors on the platform is also nearing peak levels. Dune Analytics data shows a surge in the number of Aave (AAVE) depositors earlier this month. Additionally, the total value locked (TVL) in the entire DeFi ecosystem has grown by 40% this year, reaching $90 billion. However, recent market adjustments have impacted this growth.