Layer-2 chains Base and Scroll have contributed to Aave’s recent borrower and depositor growth.
Decentralized finance protocols appear to be showing signs of recovery, with lending and borrowing platform Aave hitting a new record in weekly active borrowers.
In a post on X on Aug. 14, Aave founder Stani Kulechov reported that the lending and borrowing protocol has reached around 40,000 active weekly borrowers, eclipsing the previous high in late 2022.
Data shows it has been driven by the emergence of new lending markets such as Base and Scroll.
