TechFlow News — Aave, the DeFi lending platform, has set a new record for weekly active borrowers. Stani Kulechov, founder of Aave, reported on August 14 that the number of weekly active borrowers reached approximately 40,000, surpassing the previous high recorded at the end of 2022. Kulechov also noted that the number of weekly depositors is nearing its peak level.
Data indicates this growth is primarily driven by the emergence of new lending markets such as Base and Scroll. According to Dune analytics, Base now accounts for nearly 30% of Aave V3's total unique wallets. The Layer-2 platforms Arbitrum and Polygon rank second and third, with 23.4% and 21%, respectively.
Aave is currently the third-largest DeFi protocol by TVL (total value locked), reporting a TVL of $11.85 billion. The protocol’s TVL has increased by 70% year-to-date, though it remains below its peak of around $20 billion in October 2021. Overall, the total TVL of the DeFi ecosystem has grown by 40% so far this year, reaching $90 billion. However, recent market adjustments have led to a partial pullback in TVL.
