Aave (AAVE) continues to maintain annual revenue of over 100 million USD amidst many challenges faced by the DeFi sector. The protocol recorded outflows of up to 10 billion USD and the token price fell 40% in the past year, but weekly revenue still averaged 3 million USD, bringing total fees collected to 740 million USD — the highest in 5 years.
According to DeFiLlama, the total locked value (TVL) of the entire industry has fallen to around 120 billion USD, reflecting the overall weakening of the market. Nevertheless, Aave is still proving its resilience, continuing to be one of the leading DeFi platforms despite the wave of FUD engulfing the market.
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Aave holds revenue steady amid DeFi challenges
Aave (AAVE) continues to maintain annual revenue of over 100 million USD amidst many challenges faced by the DeFi sector. The protocol recorded outflows of up to 10 billion USD and the token price fell 40% in the past year, but weekly revenue still averaged 3 million USD, bringing total fees collected to 740 million USD — the highest in 5 years.
According to DeFiLlama, the total locked value (TVL) of the entire industry has fallen to around 120 billion USD, reflecting the overall weakening of the market. Nevertheless, Aave is still proving its resilience, continuing to be one of the leading DeFi platforms despite the wave of FUD engulfing the market.