DeFi Protocol Aave Reaches New All-Time High of $40 Billion in Value Locked

Aave, a leading decentralized finance (DeFi) platform, has surpassed a new milestone in value locked on its blockchain. Data from DeFiLlama shows that Aave reached a record high of $40.3 billion in total value locked (TVL) on May 12. This achievement is largely attributed to the recent surge in demand for decentralized lending services and the growing adoption of Aave’s latest version, Aave v3, which boasts roughly $40 billion in TVL.