Data: Lending activity on the lending protocol Aave on Ethereum has surged, with net inflows rising to $500 million in the past week

ChainCatcher news, according to data disclosed by IntoTheBlock, Aave's lending activity on Ethereum has surged, with net inflows rising to $500 million in the past week. Multiple metrics of the Aave protocol have reached new highs, and the total supply of stablecoins is significantly higher compared to 2021. According to DeFiLlama data, Aave's TVL is currently above the previous bull market period in October 2021, reaching an all-time high of $38.6 billion. The estimated annual revenue for the protocol is $117 million.