Decentralized finance (DeFi) platform Aave has set a new record in the first days of 2025.
Aave hit a record $33.4 billion in net deposits, surpassing levels seen during the 2021 bull market, data showed.
Experts stated that the growth of the Aave protocol is behind this success.
At this point, experts stated that Aave expanded its ecosystem by adding BNB Chain, Scroll, ZKsync Era and Ether.fi to the chains it supports in 2024, and these enabled Aave to reach more users.
Focusing on further expansion in 2025, Aave plans to expand into other new markets this year, subject to community approval, including Sonic, Mantle, Ethereum Layer-2 scaling solution Linea, Bitcoin Layer-2 solution BOB, Spider Chain, and Aptos.
As is known, the DeFi sector has seen an increase in total locked value and activity due to the expectation of a friendlier regulatory environment and pro-crypto policies following Donald Trump’s US election victory on November 5.
While this DeFi growth was also effective in Aave's record, DeFi tokens also recorded significant increases immediately after the results of the US elections.
The AAVE price has also increased by over 150% since November 5, while the price continues to trade at $333.
*This is not investment advice.
