Aave, a leading decentralized finance (DeFi) protocol, has just achieved an impressive milestone of 10 billion USD in active loans, a 300% increase since the beginning of the year. 📈

Data from Token Terminal shows that in the past 30 days, loans on Aave increased by 16.4% to 10.04 billion USD, while the total value locked (TVL) rose by 26.7% to reach 15.96 billion USD. Monthly revenue surged by 82% to 9.36 million USD, with an annual revenue forecast of 113.84 million USD.

Aave is also exploring deployment on Spiderchain, a layer-2 network of Bitcoin, aiming to combine Bitcoin's deep liquidity with Aave's lending ecosystem. 🌐

However, the AAVE token dropped by 3.4% in the past 24 hours, despite having increased by 31.7% in the last three months.