Aave's on chain TVL surpasses $40 billion, setting a new historical high

According to Cointelegraph, DefiLlama data shows that the DeFi protocol Aave has reached a new high in on chain funding scale. Aave announced on X platform that as of May 12th, its total locked in value (TVL) has exceeded 40.3 billion US dollars. According to on chain data, the latest version of Aave v3 has a TVL of approximately $40 billion. DeFi analyst Jonaso stated on the X platform that Aave is proving its leading position in the lending industry with these achievements.