🦎🚀 Exciting News: CoinGecko Acquires Zash
Coins: 11,333
Exchanges: 941
Market Cap: $1.664T 0.7%
24h Vol: $101.036B
Gas: 51 GWEI
Go Ad-free
Analysis
TABLE OF CONTENTS

What’s Going On In Aave V3?

by Khor Win Win

Aave has solidified itself as one of the biggest money market protocols on Ethereum and the crypto space. Ranking only second to Anchor Protocol, the lending platform boasts an impressive $12.6 billion in Total Value Locked as of March 17th, 2022. However, with the release of Aave V3, one of DeFi’s longest-running projects may have just found its second wind (or, in this case, third wind) to claim the top spot.  

defillama aave tvlTotal Value Locked on Aave, March 17th 2022 (Source: defillama.com)

For the uninitiated, Aave essentially functions like a decentralized bank, where users can deposit their assets, be it stablecoins or other assets such as Ether or Wrapped BTC, to earn interest. Using their deposits as collateral, users can then borrow other assets to use in other DeFi protocols. Since you can only borrow less than what you deposit, these loans are considered overcollateralized, but beware as you may be liquidated if your deposits start to decrease in value.

In 2019, Aave deployed the first version of their smart contracts on the Ethereum mainnet, allowing users to gain access to liquidity on various assets and earn yield by providing liquidity. Subsequently, Aave V2 was released the following year, bringing even more improvements such as the ability to swap collateral within the protocol as well as more flexible borrowing rates. With the release of Aave V3, the lending platform is looking to expand its empire through various features catered to multichain lending and other long-tail assets, both within and beyond Ethereum.

 

Subscribe to CoinGecko Premium to unlock this exclusive article

Want access to ad-free CoinGecko, exclusive publications & many more? Subscribe to a Premium account now!
Already a Premium user? Log in

Related Articles

coingecko
Continue in app
Track prices in real-time
Open App
coingecko
Continue in app
Track prices in real-time
Open App
Select Currency
Suggested Currencies
USD
US Dollar
IDR
Indonesian Rupiah
TWD
New Taiwan Dollar
EUR
Euro
KRW
South Korean Won
JPY
Japanese Yen
RUB
Russian Ruble
CNY
Chinese Yuan
Fiat Currencies
AED
United Arab Emirates Dirham
ARS
Argentine Peso
AUD
Australian Dollar
BDT
Bangladeshi Taka
BHD
Bahraini Dinar
BMD
Bermudian Dollar
BRL
Brazil Real
CAD
Canadian Dollar
CHF
Swiss Franc
CLP
Chilean Peso
CZK
Czech Koruna
DKK
Danish Krone
GBP
British Pound Sterling
HKD
Hong Kong Dollar
HUF
Hungarian Forint
ILS
Israeli New Shekel
INR
Indian Rupee
KWD
Kuwaiti Dinar
LKR
Sri Lankan Rupee
MMK
Burmese Kyat
MXN
Mexican Peso
MYR
Malaysian Ringgit
NGN
Nigerian Naira
NOK
Norwegian Krone
NZD
New Zealand Dollar
PHP
Philippine Peso
PKR
Pakistani Rupee
PLN
Polish Zloty
SAR
Saudi Riyal
SEK
Swedish Krona
SGD
Singapore Dollar
THB
Thai Baht
TRY
Turkish Lira
UAH
Ukrainian hryvnia
VEF
Venezuelan bolívar fuerte
VND
Vietnamese đồng
ZAR
South African Rand
XDR
IMF Special Drawing Rights
Cryptocurrencies
BTC
Bitcoin
ETH
Ether
LTC
Litecoin
BCH
Bitcoin Cash
BNB
Binance Coin
EOS
EOS
XRP
XRP
XLM
Lumens
LINK
Chainlink
DOT
Polkadot
YFI
Yearn.finance
Bitcoin Units
BITS
Bits
SATS
Satoshi
Commodities
XAG
Silver - Troy Ounce
XAU
Gold - Troy Ounce
Select Language
Popular Languages
EN
English
RU
Русский
DE
Deutsch
PL
język polski
ES
Español
VI
Tiếng việt
FR
Français
PT
Português
All Languages
AR
العربية
BG
български
CS
čeština
DA
dansk
EL
Ελληνικά
FI
suomen kieli
HE
עִבְרִית
HI
हिंदी
HR
hrvatski
HU
Magyar nyelv
ID
Bahasa Indonesia
IT
Italiano
JA
日本語
KO
한국어
LT
lietuvių kalba
NL
Nederlands
NO
norsk
RO
Limba română
SK
slovenský jazyk
SL
slovenski jezik
SV
Svenska
TH
ภาษาไทย
TR
Türkçe
UK
украї́нська мо́ва
ZH
简体中文
ZH-TW
繁體中文
Login to track your favorite coin easily 🚀
By continuing, you agree to CoinGecko Terms of Service and acknowledge you’ve read our Privacy Policy
or
Forgot your password?
Didn't receive confirmation instructions?
Resend confirmation instructions
IT'S FREE! Track your favorite coin easily with CoinGecko 🚀
By continuing, you agree to CoinGecko Terms of Service and acknowledge you’ve read our Privacy Policy
or
Password must contain at least 8 characters including 1 uppercase letter, 1 lowercase letter, 1 number, and 1 special character
Didn't receive confirmation instructions?
Resend confirmation instructions
Forgot your password?
You will receive an email with instructions on how to reset your password in a few minutes.
Resend confirmation instructions
You will receive an email with instructions for how to confirm your email address in a few minutes.