Aave
Aave is a cornerstone Ethereum DeFi app for onchain lending, borrowing, and money-market liquidity--powering leverage, yield strategies, and collateralized
Category: DeFi lending / borrowing
Products / brands: Aave Protocol (V3), GHO (stablecoin)
Aave is a cornerstone Ethereum DeFi app for onchain lending, borrowing, and money-market liquidity–powering leverage, yield strategies, and collateralized credit across the ecosystem. It’s an institutional-friendly DeFi primitive: users can supply ETH or stablecoins, borrow against collateral, and integrate with onchain portfolios. DefiLlama reports Aave’s TVL around $21.94B and borrowed value around $21.73B, reflecting significant onchain credit activity. Aave also generates substantial protocol fees, making it central to narratives around sustainable DeFi business models, ETH vs Solana comparisons, and smart contract fee efficiency.
Key metrics: TVL ~ $21.94B; borrowed ~ $21.73B (DefiLlama).
Sources: DefiLlama Aave: https://defillama.com/protocol/aave-v3
Related in VEI
- Glossary: EIP (Ethereum Improvement Proposal)
- Glossary: ZK-Rollup
- Blog: Scaling the Vision: Metropolis, ERC-20, and the 2017 Token Boom
- Directory: Lido Finance
- Directory: Sky (MakerDAO ecosystem)
- Directory: Curve Finance