Last week, Aave's net deposits reached a historic high of $31 billion, equal to traditional banks

CoinVoice has learned from Unchained that as of last Sunday, Aave's net deposits hit a new high, surpassing thousands of commercial banks in the U.S. Last month, net deposits from cryptocurrency users increased by approximately $10.4 billion. The current total is about $31.4 billion, a 50% increase from $20.9 billion in early November.

According to the Federal Reserve's data as of September 30, Aave ranks 63rd among U.S. chartered commercial banks by consolidated assets, ahead of commercial banks and New York banks. [Original link]