DeFi tokens like Aave, DYDX, and Uniswap are driving significant market gains, with Aave hitting new TVL highs of $21.2 billion.
Aave's version 3.3 upgrade aims to improve debt management and liquidations, reinforcing its leadership in decentralized lending.
Strong lending demand is pushing borrowing rates above 10%, with some rates spiking to 40%, reflecting a bullish sentiment in the DeFi sector.
Aave dominates the DeFi lending market with a record TVL of $21.2 billion and is integrating with Umbrella, an automated cover system to address bad debt challenges.