PANews reported on August 15 that according to Cointelegraph, decentralized financial protocols seem to be showing signs of recovery, and the number of weekly active borrowers on the lending platform Aave has set a new record. Aave founder Stani Kulechov reported in an X post on August 14 that the lending protocol has about 40,000 active borrowers per week, exceeding the previous high level set at the end of 2022.
Data shows that this trend is driven by emerging lending markets such as Base and Scroll. According to Dune analysis, Base currently accounts for nearly 30% of the total number of independent wallets on Aave V3. Layer2 platforms Arbitrum and Polygon ranked second and third, with Aave wallet shares of 23.4% and 21% respectively.
Meanwhile, Kulechov noted that the platform’s weekly depositor count is almost at peak levels. According to Dune analysis, Aave (AAVE) saw a surge in depositors earlier this month. In addition, the TVL of the entire DeFi ecosystem has grown 40% to $90 billion so far this year. However, the market correction has recently hit it.
