ChainCatcher Message, Aave's net deposits hit a record high last Sunday, surpassing thousands of commercial banks in the United States. Last month, net deposits from cryptocurrency users increased by approximately $10.4 billion, bringing the total to around $31.4 billion, which is a 50% increase from $20.9 billion in early November. 📈

According to data from the Federal Reserve as of September 30, Aave ranks 63rd among U.S. chartered commercial banks by consolidated assets at its current net deposit level, ahead of commercial banks and New York banks. This achievement highlights the rapid development of the cryptocurrency market. 🔍

Although the crypto market is highly volatile, Aave's performance undoubtedly provides a strong boost to the industry. The future development is worth continued attention.