Aave has processed over $1.1 trillion in cumulative loans, according to founder Stani Kulechov, underscoring the decentralized lending protocol’s scale within decentralized finance (DeFi). Kulechov said Aave coordinates borrowing and lending through code, unlike traditional finance, which relies on back-office teams, settlement departments, intermediaries and legal agreements. He advocated moving more lending activity on-chain to use automated and transparent infrastructure. Aave’s Efficiency Mode, or eMode, allows borrowing against correlated assets. The milestone comes as broader crypto-market sentiment remains mixed and traders show growing interest in lending protocols. The announcement was shared on Twitter.