Aave solidified its dominance in the DeFi lending sector in February, capturing 75.8% of total revenue among the top 10 lending protocols, according to Token Terminal. The protocol generated $8.6 million in revenue, significantly outpacing competitors Venus and Moonwell, which earned $1.5 million and $400,000, respectively. At the same time, Aave’s treasury hit an all-time high of $100 million, excluding unallocated AAVE tokens. This marked a 22% increase from January and a 132% surge from February 2024, according to Token Terminal . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
