Although Aave was launched in the beginning of 2020, it has experienced significant growth in total deposits and daily deposits since the summer of 2020. Overall, Aave has totalled over $45 billion in deposits, with 2021 seeing the protocol average $231 million in deposits per day. More than 46,000 unique Ethereum users have become lenders on Aave, with the average all-time deposit reaching $173,000.
Aave’s recent launch on Polygon and the introduction of its liquidity program was followed by a rapid increase in total value locked from $5.4 billion on April 25 to roughly $11.4 billion on May 12, according to Dapp Radar data. So, here is a look at the previous usage of the protocol.
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