Aave Founder Asserts DeFi and Crypto Lending Markets Have Rebounded from 2022 Turmoil
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Aave's Market Position: Aave has solidified its leadership in DeFi lending, with stablecoin borrowing rates stabilizing at 6-8% and a record $41.55B in value locked, generating $161M in annual revenue.
Growth and Expansion: The Aave protocol has expanded its lending activities, including the introduction of GHO tokens, and has strategically limited its exposure to less viable L2 chains while achieving significant deposits on the Linea chain.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.








