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Aave on Avalanche (AVAX) just touched $1 billion. Here’s why Aave on Avalanche (AVAX) just touched $1 billion. Here’s why

Aave on Avalanche (AVAX) just touched $1 billion. Here’s why

On October 4, DeFi protocol Aave witnessed a breakneck launch on the Avalanche blockchain.

Aave on Avalanche (AVAX) just touched $1 billion. Here’s why

Photo by Simon Lee on Unsplash

After Aave got deployed on the Avalanche (AVAX) blockchain, the value of deposited assets on the popular lending protocol increased by $1 billion in only a matter of hours.

Avalancheโ€™s ecosystem is expanding as the network witnesses a major influx of attention and liquidity, all boosted by hefty incentives.

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