{"id":264519,"date":"2021-06-02T07:47:01","date_gmt":"2021-06-02T04:47:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/funds-locked-in-aave-soar-past-20-billion-amid-layer-two-embrace\/"},"modified":"2021-06-02T07:47:01","modified_gmt":"2021-06-02T04:47:01","slug":"funds-locked-in-aave-soar-past-20-billion-amid-layer-two-embrace","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/funds-locked-in-aave-soar-past-20-billion-amid-layer-two-embrace\/","title":{"rendered":"# Funds locked in Aave soar past $20 billion amid layer-two embrace"},"content":{"rendered":"

“# Funds locked in Aave soar past $20 billion amid layer-two embrace <\/strong>”
\n<\/p>\n

Aave has surged to the top of the DeFi ranking by total value locked (TVL) amid its recent embrace of layer-two for scaling.<\/p>\n

According to Aave\u2019s website, the v2 and Polygon deployments of the popular crypto-powered money market protocol currently represent more than $20 billion in locked capital, holding more than $12.6 billion and $7.8 billion in the respective versions.<\/p>\n

According to DeFi Llama, Aave v2 is currently the largest decentralized protocol by assets locked, while Aave\u2019s Polygon deployment would rank fourth despite launching just six weeks ago.<\/p>\n

Aave\u2019e embrace of layer-two solution, Polygon, app<\/a>ears to have bolstered its adoption compared to other leading DeFi protocols<\/p>\n

Using data provided by Dune Analytics, Twitter<\/a> user \u201cDeFi Dividends\u201d found that the share of Aave\u2019s monthly userbase represented by new users is roughly 50% greater than either MakerDAO and Compound, with 44% of Aave\u2019s users comprising newcomers in May compared to 29.8% for MakerDAO and 26.3% for Compound.<\/p>\n

Excluding its Polygon deployment, Aave outpaces Compound\u2019s total value borrowed by one-third and MakerDAO by roughly double.<\/p>\n

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Total Amount Borrowed market share:$AAVE<\/a>: 47%$MKR<\/a>: 17.9%$Comp<\/a>: 35.1%<\/p>\n

Once again Aave’s growth is impressive! This is the first month where it has passed comp for the most amount of money borrowed. And this doesn’t even account for the extra $7b+ on Polygon that Aave has pic.twitter.com\/Tl3SX9dc0m<\/a><\/p>\n

\u2014 Defi Dividends (@DefiDividends) May 30, 2021<\/a><\/p><\/blockquote>\n