Aave's Cumulative Deposits Surpass $2.73 Trillion, Foundation Proposal Unveiled

Aave's cumulative deposits have surpassed $2.73 trillion, according to recent data. This figure represents the total liquidity supplied over time across the platform's various markets and versions.

Additionally, Aave's current deposits total $33.8 billion, with $13.3 billion in outstanding loans and $82.1 million in revenue for the year to date.

The Aave team has proposed establishing a foundation to hold protocol-related intellectual property, including the Aave trademark, primary domains, and transferred protocol code. This move aims to create a dedicated entity for managing these assets for the benefit of the Aave Protocol.