Last week, AAVE's net deposits reached a historical high of $31 billion, on par with traditional banks.

ChainCatcher news, according to Unchained, as of last Sunday, Aave’s net deposits reached a new high, surpassing the scale of thousands of commercial banks in the United States. Last month, net deposits from cryptocurrency users increased by about $10.4 billion. The current total is approximately $31.4 billion, a rise of 50% compared to $20.9 billion at the beginning of November. According to the data of the Federal Reserve on September 30th, based on the current level of net deposits, Aave ranks 63rd in terms of combined assets among US chartered commercial banks, leading commercial banks and New York banks.