Following strong demand, @aave governance has approved an increase to the supply cap! Users can now supply up to 400 million USDS and become eligible for both USDS and SPK rewards. https://t.co/PcntNt5neW
Another cap reached on Aave 🔥 https://t.co/BKSffJQGuk
Demand has overtaken supply. Very bullish for Aave users. https://t.co/wmE5VC66j5
Aave, a decentralized finance (DeFi) platform, has reported significant growth in its loan volume, surging from $3.4 billion to over $10 billion in 2024, marking a 300% increase. This growth is attributed to a 40% rise in daily user activity and a 26.7% increase in total value locked (TVL), which now stands at $15.96 billion. Additionally, Aave has generated $40.34 million in fees, with annual revenues projected at $113.84 million, reflecting a 1,628% increase in revenue over the past month. Despite these achievements, AAVE’s token has experienced a 12% decline this week. Recent governance decisions have also led to an increase in the supply cap for USDS on the platform, allowing users to supply up to 400 million USDS and become eligible for rewards.
