Aave hits record 155,000 monthly active users in February as TVL nears $27 billion

Decentralized lending protocol Aave recorded about 155,000 monthly active users in February, marking an all-time high and roughly doubling its active user base over the past six months, Odaily Planet Daily reports. As arbitrage yield rates have fallen from 10%–30% to below 4%, fewer low-risk yield opportunities have prompted investors to allocate more capital into DeFi lending, with Aave's total value locked across 20 blockchains now approaching $27 billion, analysts cited by the report said. The governance collective Aave Chan Initiative said last week it would cease operations following transparency disputes with Aave Labs.