Aave reaches $41.1 billion TVL record, equivalent to being the 54th largest US bank

Aave reached an all-time high total value locked (TVL) of $41.1 billion on Aug. 24, positioning the decentralized lending protocol as the equivalent of the 54th largest US commercial bank by total deposits based on Federal Reserve data as of Jun. 30. The money market protocol would replace the Prosperity Bank, which has $38.4 billion The post Aave reaches $41.1 billion TVL record, equivalent to being the 54th largest US bank appeared first on CryptoSlate.