ChainAegis: AAVE V2/V3 On-Chain Data Analysis

On January 27, 2023, DeFi lending protocol Aave announced that its V3 version had been deployed on Ethereum. Ethereum was the first network where Aave was deployed and also has the largest liquidity. As of April 28, the current TVL of AAVE V3 on Ethereum has exceeded $1.1 billion, with total borrowings of $474 million. DeFi rose rapidly in 2020, with many DeFi protocols beginning to emerge from 2020 onwards, and TVL starting to climb rapidly.