Aave V3 Sees $26M Deposits and $6M Loans after Last Friday Launch By CoinEdition


Aave V3 Sees $26M Deposits and $6M Loans after Last Friday Launch
  • Aave V3 drew $26.10M in deposits and $6.66M in loans after Friday’s launch
  • The most loaned coins on the Ethereum network were stablecoins BUSD and DAI.
  • Previously, Delphi Digital hints that USDC utilization rates fell from 80% to nearly below 20%.

According to an official tracking website, the recently launched version three of the decentralized finance lending protocol, Aave V3 (AAVE), has attracted $26.10 million in deposits and $6.66 million in loans.

However, the figure is much below Aave’s version two, which has attracted over $5.48 billion in deposits and $1.7 billion in loans. Notably, the most loaned coins on the Aave V3 and V2 via the Ethereum network were stablecoins BUSD, USDC, and DAI.

According to data from Delphi Digital, an Institutional grade crypto research firm, the crypto loan utilization rates for prominent collateral types like USDC on the crypto lending protocol, Aave, declined significantly in 2022.

Last month, Delphi Digital published a year-to-date (YTD) graph illustrating how the utilization rates for the Ethereum USD () pair and that of USDC fell continuously from over 80% in December 2021 to nearly below 20% in December 2022.

The post Aave V3 Sees $26M Deposits and $6M Loans after Last Friday Launch appeared first on Coin Edition.

See original on CoinEdition


Source link


Jacob Keiter is a husband, a writer, a journalist, a musician, and a business owner. His journey to becoming a writer was one that was paved with challenges, but ultimately led him to find his true calling. Jacob's early years were marked by a strong desire for creative expression. He was always drawn to music, and in his youth, he played in several bands, chasing the elusive promise of fame and success. However, despite his best efforts, Jacob struggled to find the recognition he craved. It wasn't until he hit a low point in his life that Jacob discovered his love for writing. He turned to writing as a form of therapy during a particularly difficult time, and found that it not only helped him to cope with his struggles, but also allowed him to express himself in a way that he had never been able to before. Jacob's writing skills quickly caught the attention of others, and he soon found himself working as a journalist for The Sun out of Hummelstown. From there, he went on to contribute to a variety of publications, including the American Bee Journal and Referee Magazine. Jacob's writing style is reflective of traditional journalism, but he also infuses his work with a unique voice that sets him apart from others in his field. Despite his success as a writer, Jacob also owns another business, JJ Auto & Home, which specializes in cleaning. Jacob's commitment to excellence is evident in all of his endeavors, whether it be in his writing or in his business ventures. Today, Jacob is the author of two books and continues to inspire others through his writing. His journey to becoming a writer serves as a reminder that sometimes our darkest moments can lead us to our greatest achievements.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *