Aavethena is the most interesting DeFi primitive in this DeFi cycle so far.
What’s fascinating is that with every cycle and the inception of new DeFi primitives, @aave growth multiplies. Aave is the fundamental basis for all of DeFi.
$6.4B of Ethena’s Assets are now parked on @aave
$USDe just hit an all-time high with $10B+ supply, making it the top 3 stablecoin by market cap
Aave is the top protocol for deploying Ethena's Assets to maximize yield, with $6.4B in deposits climbing from $4.6B in just 10 days, thanks to the Ethena Liquid Leverage Effect
Current breakdown ↓
- Ethena PT: $4B
- USDe: $1.4B
- sUSDe: $1B
→ Aavethena will win
Full breakdown in the Ethena x Aave Dashboard ↓
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