Aave Users Reach Record as Traders Quietly Shift Capital Toward DeFi Lending

In brief

• Aave’s monthly active users hit an all-time high of ~155,000 in February, up roughly 100% in six months.
• The surge was driven by rising ETH supply rates and the collapse of the basis trade, analysts say.
• The Aave Chan Initiative, one of Aave’s most influential governance groups,…