If DeFi's going to kick off another supercycle, I’d bet it starts from @aave. Not just because of the $58B+ TVL but because real usage is climbing again. Today, 21% of all DeFi TVL is on Aave. And it’s not just idle deposits. Over $23.7B is actively borrowed. That’s more than every other lending protocol combined. What really caught my attention is that $BTC now accounts for 18% of Aave’s deposits. We’re talking $8B worth of #LSTs: WBTC, tBTC, cbBTC, even LBTC. If Bitcoin’s heading to $200K, #Aave is where BTC holders go to unlock liquidity and still ride the upside. This is how flywheels work. 🔸@ethena_labs's sUSDe → $2M to $1.1B 🔸@pendle_fi’s Aave PTs → $1B to $2B 🔸@KelpDAO’s ETH TVL → 4x via rsETH That’s not luck, it’s the Aave effect. And the protocol is evolving too: 🔸Aave v4: cross-chain liquidity, smart accounts, risk-based pricing 🔸$GHO: climbing to top 20 stables, sGHO savings layer incoming 🔸$AAVE: revenue loop from GHO interest → stakers 🔸Treasury: $115M+ to back growth Even Kraken wants to license Aave’s tech for institutional lending. That’s TradFi trying to keep up. Aave’s no longer “just another DeFi protocol.” It’s becoming the liquidity OS of the entire ecosystem. And I’m bullish on where it’s heading.
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