Aave’s growth is fueled by increased leverage demand and a surge in monthly active users. The protocol is also expanding its integration with Layer 2 networks and preparing to launch a major upgrade in mid-2025.

Polygon investors face uncertainty as Lido exits due to adoption struggles and increased competition, while Aave considers following suit amid governance disputes.

The purchases have stirred market activity and set the stage for possible future expansions in WLF's DeFi operations.

The positive trend is largely attributed to optimistic market sentiment, a bullish outlook, and a general “risk-on” attitude among investors.

Avara, formerly known as Aave, acquired 'Family', a non-custodial Ethereum wallet. The feature-rich wallet, now launched for iOS, offers a high-end UX/UI combined with advanced DeFi features, flexible settings, and a full-fledged messenger.

As liquidations mounted to $400 million, DeFi protocols performed reliably, safeguarding user assets against losses.

Since its launch last year, the stablecoin has grown to around $100 million. However, this amount remains significantly lower than the figures achieved by more recent entrants in the stablecoin market.

Lens Protocol, one of the leading DeSo platforms, is showing positive signs of development.