Data: Lending protocol Aave sees a sharp increase in lending activity on Ethereum, with net inflows reaching $500 million in the past week

CoinVoice has learned that, according to data disclosed by IntoTheBlock, lending activity on Aave on Ethereum has surged, with net inflows reaching $500 million in the past week. Several metrics of the Aave protocol have hit new highs, and the total supply of stablecoins is significantly higher compared to 2021. According to DeFiLlama data, Aave's TVL is currently above the levels seen during the last bull market in October 2021, reaching an all-time high of $38.6 billion. The estimated annual revenue for the protocol is $117 million. [Original link]