BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Aave v3 is “blowing up”, TVL up 60x to over $1.2 billion

by Dalmas Ngetich
Apr 21, 2022 - 12:00 am
in Blockchain
aave v3

According to observers, the Total Value Locked (TVL) across Aave v3 markets is “blowing up”.

As of April 21, Aave v3 TVL stood at over $1.2 billion, up more than 60X from roughly $8 billion posted on March 16, 2022, when the new version was launched.

aave v3 tvl

The interest in Aave v3 stems from some of its distinguishing features, making it unique from other competing protocols.

Representative of the ever dynamic crypto and DeFi space, the Aave v3 market introduces better capital efficiencies with better security and cross-chain functionalities. While it offers attractive features, Aave isn’t compromising decentralization. Despite its presence in various decentralized mainnets and layer-2 networks, all of its operations remain non-custodial.

Some of the protocol’s groundbreaking features include the introduction of secure portals enabling seamless cross-chain transactions between supported networks. Thus far, Aave v3 supports Polygon, Avalanche, Harmony, Fantom, Arbitrum, and Optimism. The eventual deployment in Ethereum will depend on the community’s approval.

Besides, the update introduces higher efficiency mode giving users the ability to borrow more. At the same time, Aave v3 has an ingenious “Isolation Mode”, which allows for new assets to be listed while protecting the protocol. Moreover, aware of the limiting high Gas fees in Ethereum, Aave v3 has a Gas Optimization feature that slashes all Gas cost functions by 20 and 25 percent.

https://twitter.com/kevinsekniqi/status/1516880463658459136

Aave is one of the leading DeFi protocols allowing users to borrow and lend digital assets. Aave is known for popularizing Flash Loans, a revolutionary feature enabling users to borrow large sums and repay within an Ethereum block, which usually takes around 13 seconds to settle. When writing, AAVE is up 20 percent in the previous trading month.

Tags: AaveDeFi
Dalmas Ngetich

Dalmas Ngetich

His primary focus is on technical analysis (crypto is, obviously, *not* crypto without the twirls of price action), the magic of DeFi, and NFTs. He is specifically training his eyes and effort on DeFi—and how the tech is changing investment, opening up opportunities for everyone—and the possibilities of NFTs.

Related Posts

Exterior view of the Czech National Bank building in Prague, symbolizing the institution’s financial strategies and innovation.

Bank of England Governor Says Stablecoins Could Reduce Reliance on Banks

October 1, 2025

Andrew Bailey says stablecoins could reduce UK reliance on commercial banks by separating money from credit, signaling a...

blockchain

Spacecoin Executes First Blockchain Transaction Through Space

October 1, 2025

Spacecoin has achieved the first-ever blockchain transaction through space using a nanosatellite, marking a milestone for decentralization and...

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service