Aave Tops €950B in Loans Issued as Token Jumps 50% Since September
- —Cumulative loans issued through Aave have surpassed €950 billion ($1.1 trillion)
- —Roughly €344 million in loans are currently outstanding on the protocol
- —AAVE has risen about 50% since Sept. 1, from $124 to around $185
- —AAVE remains below prior peaks of $634 in May 2021 and $383 in September 2024
Why it matters: The record loan volume underscores demand for onchain credit, though AAVE is still far below its all-time highs.
Source: Crypto Insiders