The decentralized finance (DeFi) platform Aave has seen significant activity recently, with its stablecoin sUSDe reaching a cap of $1.13 billion, which was immediately filled. This surge in usage has contributed to a notable increase in borrowing costs, with rates spiking to 100% at times. Total value locked (TVL) in Aave has also hit an all-time high of $21.55 billion, reflecting a robust demand for DeFi services. In the broader DeFi landscape, value transferred on-chain reached $840 billion in the past 30 days, indicating a $10 trillion annual run rate. The Base ecosystem has experienced substantial growth, with total value locked climbing to $13.36 billion, up 64% in the past month, and $4 billion deposited into applications on the platform. Daily activity on Base has surged, handling over $2.5 billion in daily decentralized exchange (DEX) volume and $29.8 billion in daily stablecoin transfers, marking increases of 150% and 60%, respectively, month-over-month.