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Aave, a leading DeFi protocol, has surpassed $50 billion in net deposits, positioning it ahead of major traditional banks like Deutsche Bank and Barclays. This milestone underscores DeFi’s growing influence in global finance. Analysts suggest Aave could soon outpace centralized stablecoin issuer Circle in total value locked.
- Aave's $50B deposits would rank it 47th among US banks, surpassing Deutsche Bank and Barclays.
- Institutional adoption, including by the Ethereum Foundation, is fueling Aave's rapid growth.
- Aave Labs' Horizon initiative aims to bridge DeFi and traditional finance via real-world asset integration.
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