Aave, a leading decentralized finance (DeFi) protocol, has surpassed $3 trillion in lifetime deposits across its lending and borrowing markets, marking a major milestone in the DeFi sector. This achievement highlights Aave's prominent role in decentralized finance and its continued expansion. Recent developments in Aave's lending environment include rising interest rates on certain stablecoins; for example, borrowing USDT on Aave has seen interest rates exceed 12% and even reach 15%, prompting users to consider converting their debt to USDC, which offers a comparatively lower annual percentage rate (APR) around 25% depending on loan-to-value (LTV) ratios. Additionally, Aave users benefit from competitive yields on euro deposits, with rates around 4.97%, outperforming traditional European fintech offerings. The protocol's oracle system currently anchors some stablecoins differently, influencing borrowing costs and strategies within the platform.