Aave V3 has $26 million in deposits and $6 million in loans after launching last Friday
- Aave V3 attracted $26.10 million in deposits and $6.66 million in loans after launching on Friday
- The most lent coins on the Ethereum network were the stablecoins BUSD and DAI.
- Previously, Delphi Digital indicated that USDC utilization rates had fallen from 80% to almost below 20%.
According to the official tracking website, the recently launched version of the three decentralized finance lending protocol, Aave V3 (AAVE), attracted $26.10 million in deposits and $6.66 million in loans.
However, the figure is well below Aave’s version two, which attracted more than $5.48 billion in deposits and $1.7 billion in loans. Namely, the most borrowed coins on Aave V3 and V2 via the Ethereum network were the stablecoins BUSD, USDC and DAI.
According to Delphi Digital, an institutional level crypto research firm, crypto loan utilization rates for prominent collateral types such as USDC on the crypto lending protocol, Aave, have fallen significantly in 2022.
Last month, Delphi Digital published a year-to-date (YTD) chart showing how utilization rates for the Ethereum USD ( ) and USDC pair have continuously dropped from over 80% in December 2021 to almost below 20% in December 2022.
The post Aave V3 sees $26 million in deposits and $6 million in loans after launching last Friday appeared first on Coin Edition.
See the original on CoinEdition