Aave’s V3 deployment on Ethereum shows strong growth, thanks to…

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Aave's V3 deployment on Ethereum shows strong growth, thanks to...

The Ethereum version of AAVE V3 has something to offer

38 days later, the assets count has risen to 11 due to the addition of more assets, such as LUSD, cbETH, and rETH.Of these assets, ETH’s supply remains the highest on Aave V3. As of this writing, 94,280 ETH coins worth over $147 million have been supplied to the protocol. Despite Ethereum being the latest chain with the AAVE V3 iteration, its TVL has exceeded that of Polygon, Optimism, Arbitrum, Fantom, and Harmony, data fromThe V3 deployment on Ethereum has helped Aave grow its protocol TVL in the last month, further data from DefiLlama revealed. At $4.76 billion at press time, Aave’s TVL has risen by 3% since 27 January.Impacted by the sideways movement of the general market in the last month, AAVE’s price has fallen by 15% in the last 30 days.

, the count of daily active and new addresses engaged in AAVE transactions has been on a downtrend in the last month.As the alt’s price fell, investors’ confidence quickly turned negative. At press time, AAVE’s weighted sentiment was -0.237.

 

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