Aave reaps benefits from Ethereum, but for how long will this last?

Aave V3 revenue was boosted by Ethereum network’s contribution. Interestingly, Aave’s migration tool and upcoming stablecoin launch show potential for growth. Aave recently launched its v3 on the Ethereum network and the results were quite positive in the short term. This launch provided an immense uplift to Aave’s revenue and affected the v3 protocol positively. […]

Interestingly, Aave’s migration tool and upcoming stablecoin launch show potential for growth.

On the other hand, Arbitrum and Optimism had lower earnings of $180 and $148 respectively. During the first week of February, Ethereum contributed 11% of the total V3 revenue, and it is projected to surpass both Avalanche and Polygon in the near future. The launch of the migration tool was a strategic move by Aave, as it helped the network to attract new users and retain existing ones.

Notably, during this period of upgrades, Aave’s TVL also surged. According to DeFILlama, it increased by 43% over the last month. This growth in TVL highlights the popularity of Aave’s V3 protocol and the confidence that users have in the platform.

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