As Aave Soars, Maker Eyes Rate Hike

Maker, Aave, and Compound, the three lending giants sitting atop the DeFi Pulse leaderboard, have all experienced strong fundamental growth YTD across key metrics such as outstanding loans and lending deposits. Whether due to fundamental reasons or not, their prices have also soared. At the time of writing, their combined circulating market caps sit at a lofty $9.95 billion, having grown +46% over just the past 24 hours. The majority of those gains came from Aave alone, which added $2.4 billion to its circulating market cap in only one day. These are hardly the only lending platforms making moves, as newer competitors like Alpha Finance and CREAM have also seen surges. It’s clear these types of platforms have strong product-market-fit.