According to data disclosed by IntoTheBlock, Aave's lending activity on Ethereum has surged, with a net flow rising to $500 million in the past week. Several metrics of the Aave protocol have reached new highs, and the total supply of stablecoins is significantly higher compared to 2021. According to DeFiLlama data, Aave's TVL is currently higher than the previous bull market period in October 2021, reaching an all-time high of $38.6 billion. The estimated annual revenue for the protocol is $117 million.