Aave Surpasses $30 Billion in Active Borrows Amidst Record Deposit Inflows

Core Insights - Aave has surpassed $30 billion in total active borrows, marking a significant achievement for the platform [1][2] - The platform has also set new records in deposits and total value locked (TVL), reaching $73.2 billion and $41.85 billion respectively [2] Aave's Growth Trajectory - Aave's market share is increasing due to a multi-chain strategy that integrates lending services across different ecosystems [3] - The recent deployment on the Aptos network represents Aave's first entry into a non-EVM blockchain, expanding its user base [3] Competitive Landscape - Aave has re-established itself as the largest DeFi protocol by TVL after surpassing Lido [4] - The DeFi market is showing bullish signs, with other assets like Hyperliquid's native token reaching new all-time highs [4] AAVE Price Performance - The AAVE token has experienced volatility, peaking over $400 in early 2025 and correcting to below $120 in April, but has since recovered to around $302 [5][6] - The price performance aligns with the protocol's growth and record-breaking deposit volumes [6]