Despite the growth, AAVE may still encounter these growth hurdles in the fourth quarter of 2022

  • Aave overtook MakerDAO in terms of new users but lagged behind in volume
  • Despite the growth during the year, TVL and revenue collected continued to decline

According to new data from before Dune analyticsAave has shown significant growth in recent quarters. This was due to the increase in the number of Aave users. Anyway, men by volume, protocol It lags behind MakerDAO, which has so far dominated the market.


Read avis [AAVE] predict the price 2022-2023


Regardless, Aave has grown in 2022, ranking as the second largest transaction volume at the time of writing. More is recorded 559 million dollars in the volume of transactions over the past seven days.

to face competition

As seen in the image below, Aave has had far more users than any other DeFi protocol. Aave has held nearly 10 times as many users as MakerDAO, followed by Compound in third place. someIt remains to be seen if the protocol can maintain this level of growth next year.

Source: Dune Analytics

However, despite showing improvements in the above benchmarks, Aaves’ TVL fell during the month, sitting $501.67 million at the time of writing.

Beside that, Fees generated by Aave have fallen 10.2% in the last 30 days, according to symbolic station. Despite this, the number of transactions on Aave increased by 127%, According to Masari.

Source: Defillama

Aave the on-chain activity

AAVE activity has seen a significant decline in terms of chain metrics. avis Daily active addresses have dropped in recent weeks. Its speed also decreased, indicating a decrease in the frequency with which AAVE exchanged between addresses.

Another worrying indicator is the decline in interest from Headlines are greatSuch as The supply of headlines has decreased in recent weeks.

Source: feeling

At the time of writing, Aave is trading at $63.93. Its price rose by 0.40% in the past 24 hours, he said CoinMarketCap. However, volume increased by 14% over the same period.

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