Aave V3 Sees $26M Deposits and $6M Loans after Last Friday Launch
- Aave V3 drew $26.10M in deposits and $6.66M in loans after Friday’s launch
- The most loaned coins on the Ethereum network were stablecoins BUSD and DAI.
- Previously, Delphi Digital hints that USDC utilization rates fell from 80% to nearly below 20%.
According to an official tracking website, the recently launched version three of the decentralized finance lending protocol, Aave V3 (AAVE), has attracted $26.10 million in deposits and $6.66 million in loans.
However, the figure is much below Aave’s version two, which has attracted over $5.48 billion in deposits and $1.7 billion in loans. Notably, the most loaned coins on the Aave V3 and V2 via the Ethereum network were stablecoins BUSD, USDC, and DAI.
According to data from Delphi Digital, an Institutional grade crypto research firm, the crypto loan utilization rates for prominent collateral types like USDC on the crypto lending protocol, Aave, declined significantly in 2022.
Last month, Delphi Digital published a year-to-date (YTD) graph illustrating how the utilization rates for the Ethereum USD () pair and that of USDC fell continuously from over 80% in December 2021 to nearly below 20% in December 2022.
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