Aave Records Another $9.94 Billion Outflow, Cutting TVL to $16.432 Billion
The update says Aave, a decentralized lending protocol, saw a further decline in total value locked, a key measure of assets deposited in DeFi platforms.
Summary
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Terms & Concepts
TVL: Total value locked, the combined value of assets deposited in a DeFi protocol.
Aave: A decentralized finance lending protocol that lets users lend and borrow crypto assets.
DeFi: Decentralized finance, blockchain-based financial services that operate without traditional intermediaries.