DeFi Lending Surges with High Yields on Aave

12/13/2024 1:30:00 PM

According to @esatoshiclub, the DeFi lending market is experiencing significant growth as users utilize $WBTC and $WETH to secure stablecoin loans. Lending interest rates have climbed above 10%, reaching peaks of 40%, which are levels not observed since the bull market of 2022. Aave, operating on the Ethereum network, has seen a substantial $500 million in net inflows this week, driven by borrowers seeking these high yields. (Source)

Ethereum Aave DeFi WBTC WETH

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