Aave seems to be going through a reboot. The price of ethereum:0x7fc66500c84a76ad7e9c93437bfc5ac33e2ddae9 is about to return to the lowest point of the last bear market (2022-2023). Recently, LlamaRisk has been working on building a new risk framework. Once the vote passes, all assets will be subject to review under the new standards. Assets that fail to meet the standards will gradually be delisted from Aave in the coming weeks. From the data, Aave still holds a major share of the on-chain lending market, but the market doesn’t seem optimistic about its future growth. However, if it can capture a portion of institutional demand and restart buybacks, Aave could still maintain its leading position.