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Aave’s Resurgence Proves Once Again That You Can Still Lose All Your Money on the Internet

An illustration of an Aave logo being pulled up by multiple ropes from different directions with each rope representing one lending and borrowing protocol (Base, Arbitrum, Polygon) while in the background there is a rising graph showing growth and recovery for DeFi protocols. The scene depicts chaos but also shows resilience as the Aave logo keeps going upwards despite all forces acting upon it. In the foreground, some ropes are broken or cut off with coins falling from them indicating losses still present within the market.

The grand return of Aave hitting new ATHs in weekly borrowers is just what we all needed – another reminder that cryptocurrency investors are still delusional about making money quick and easy through decentralized finance protocols like lending and borrowing platforms

Source: cointelegraph

Decentralized finance protocols appear to be showing signs of recovery, with lending and borrowing platform Aave hitting a new record in weekly active borrowers.  In a post on X on Aug. 14, Aave founder Stani Kulechov reported that the lending and borrowing protocol has reached around 40,000 active weekly borrowers, eclipsing the previous high in late 2022.  Data shows it has been driven by the emergence of new lending markets such […]

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