Last week, Aave's net deposits reached a historic high of $31 billion, matching traditional banks

ChainCatcher news, according to Unchained, as of last Sunday, Aave's net deposits reached a new high, surpassing the scale of thousands of commercial banks in the United States. Last month, net deposits from cryptocurrency users increased by approximately $10.4 billion. The current total is about $31.4 billion, a 50% increase from $20.9 billion in early November.

According to the Federal Reserve data as of September 30, at the current level of net deposits, Aave ranks 63rd among U.S. chartered commercial banks by consolidated assets, ahead of commercial banks and New York banks.