Aave's net deposits reached a new high of $38.3 billion, Ethereum gas fees rose to 53Gwei, is Decentralized Finance about to explode?

Ethereum lending protocol Aave net deposits recently topped $38.3 billion, surpassing the 2021 bull market high and hitting a record high. This reflects the need for leverage in a large amount of money, which may indicate that users are optimistic about the outlook for the future market, or driven by other attractiveness, such as high yields. If the market picks up further in the future, these deposit funds are expected to become the basis for borrowing, further driving market activity. (Synopsis: Aave detonated 1.3 billion magnesium "Polygon withdrawal chain" crisis, Polygon founder choked: Engaging in monopoly is not in line with the spirit of web3) (Background supplement: Ethereumstake's revenue permanently declined? Aave Integrates Chainlink SVR or Rewrites the Decentralized Finance Landscape Since Trump's election, investors have looked forward to a favorable regulatory environment for Favourable Information Decentralized Finance and a big boost in the Trump family's World Liberty Financial program The position Ethereum Ecological Decentralized Finance Token adds confidence in Ethereum Decentralized Finance. Aave's net deposits hit $38.3 billion for the first time Token Terminal data shows that Ethereum lending protocolleading Aave's net deposits reached $38.379 billion for the first time in recent times, surpassing the level of about $30 billion during the bull market in 2021 and setting a record high for lending protocols. Among them, Aave and Lido have a combined net deposit of $68.549 billion, accounting for nearly half of the total $144.897 billion of the top 20 decentralized applications, or 47.3%. Ethereum Gas fee rises above 53 Gwei We know that Aave uses an over-collateralization model, so the net deposit rise reflects the leverage of a large amount of money, which may indicate that users are optimistic about the future market outlook, or driven by other attractions such as high yields. If the market picks up further in the future, these deposit funds are expected to become the basis for borrowing, further driving market activity. Separately, Etherscan data shows that Ethereum Gas fees have climbed to 53.183 Gwei, further highlighting the increase in on-chain activity. In addition, the record number of net deposits also shows that Aave's attractiveness and trust as a lending protocol are increasing, and it is likely to attract more participation from traditional financial institutions. Artemis founder Jon Ma recently tweeted: "TradFi (TradFi) participants will drive the total market capitalization of encryption assets from the current $3.5 trillion to more than $100 trillion." According to Decentralized FinanceLlama data, Decentralized Finance TVL has risen 130% this year to $125.3 billion, reaching a new high of $140.9 billion at one point on December 17. Decentralized Finance TVL Aave and Polygon controversy Another mention is that Aave's proposed withdrawal from Polygon has recently sparked heated discussions. The event stemmed from a pre-proposal from the Polygon community for the Polygon PoS Cross-Chain Interaction Liquidity Program, which proposed to deploy approximately $1.3 billion in stablecoin reserves in the Cross-Chain Interaction bridge to decentralized finance protocols such as Morpho and Yearn to generate revenue. However, Marc Zeller, founder of ACI, a team of Aave contributors, expressed concern that this move could increase the security risk of the Cross-Chain Interaction bridge, especially given that the Cross-Chain Interaction bridge vulnerability has caused significant losses to the Decentralized Finance ecosystem in the past. Therefore, Zeller proposed that Aave withdraw from Polygon to protect the protocol from potential risks. In response, Polygon Labs CEO Marc Boiron dismissed Aave's actions as implicit in suppressing Decentralized Finance's competitors and questioned its anti-competitive behavior. The incident sparked widespread discussion in the community, questioning whether Aave's move was motivated by concerns about the safety of the protocol or to suppress competitors. Because if Polygon chooses to deploy to Aave, will it still do so? Extended reading: Aave detonated 1.3 billion magnesium "Polygon withdrawal chain" crisis, Polygon founder choked: Engaging in monopoly is not in line with the spirit of web3 Related reports AAVE coin price rushed to a higher level? Chainlink is expected to increase revenue by tens of thousands of magnesium per year Aave and Lido's total TVL exceeded $70 billion for the first time, occupying half of the world of Decentralized Finance The Trump family increases the position Decentralized Finance! Buy ONDO, AAVE, ENAToken, position breaks 8k million magnesium (Aave's net deposit of $38.3 billion breaks a new high, EthereumGas fee rises to 53Gwei, Decentralized Finance outbreak is imminent? This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".