Ethereum’s Aave V3 reaches new milestone in under six months

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Aave's V3 launched on Ethereum in January, and the DeFi protocol's TVL has since grown significantly.

Since its launch, wsETH’s supply on Aave V3 has grown to be the highest of all the assets the iteration holds. As of this writing, over 373,000 wsETH tokens worth $802.04 million have been supplied to the protocol.

Interestingly, of the 373,000 wsETH tokens supplied, only 9,720 wsETH tokens worth $20.84 million have been borrowed so far. Ethereum ranked as the most borrowed asset, with ETH coins worth $301.45 million disbursed as loans with the V3 iteration went live.

 

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