the growth of the decentralized protocol is outpacing that of its competitors

Aave has risen to the top of the DeFi ranking according to Total Value Locked (TVL) amid the recent introduction of Layer 2 scaling.

According to the Aave website, v2 and Polygon implementations of the popular cryptocurrency-based money market protocol currently account for over $ 20 billion in locked up capital, with more than $ 12.6 billion and $ 7.8 billion in respective versions.

According to DeFi Lama, Aave v2 is currently the largest decentralized protocol after locked assets, while Aave’s Polygon deployment ranks fourth.even though it was only released six weeks ago.

the growth of the decentralized protocol is outpacing that of its competitors
the growth of the decentralized protocol is outpacing that of its competitors

Aave’s adoption of the Layer 2 polygon solution appears to have strengthened their assumption compared to other leading DeFi protocols

Using data from Dune Analytics, Twitter user “DeFi Dividends” found that the share of new users in Aave’s monthly user base is about 50% higher than that of MakerDAO and Compound, and 44% of Aave users are newbies as of May, compared to 29.8% for MakerDAO and 26.3% for Compound.

Except your deployment on Polygon, Aave exceeds Compound’s total leverage value by a third and MakerDAO’s by about double.

Early April – three weeks before the start on polygon, Aave’s Marc Zeller predicted that DeFi will transition to a multi-chain ecosystem using Ethereum’s Layer One mainnet..

Zeller’s vision seems to be captivating and a prominent influence across the cryptocurrency sector, Chain link God, It says that “in the near future, most chains will be L2 rollups that store data in L1 shards anchored in Ethereum”.

Anthony Sassano, founder of The Daily Gwei, has also confirmed that feeling, stating, “I think they do [Máquina Virtual de Ethereum (EVM)] has already won I think the EVM will be the winner in the long run, and there will come a point where it’s basically a handful […] of strings and different L2 “.

Feedback comes just days after the mainnet beta of the highly anticipated Layer 2 roll-up sidechain Arbitrum started.. Many of the major DeFi protocols are eager to be rolled out on Arbitrum. Uniswap, Curve Finance and Mcdex are still waiting for the minutes.

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