Aave founder Stani Kulechov said in a post on X that the protocol has processed more than $1.1 trillion in cumulative loan volume. He contrasted Aave’s operating model with traditional finance, saying conventional lending relies on back-office teams, settlement departments, intermediaries, and legal agreements. By comparison, he said, Aave coordinates lending through code. Kulechov also called for more lending activity to move on-chain. The remarks were reported by ChainCatcher and focused on Aave’s scale as an on-chain lending protocol and on the structural differences he sees between decentralized and traditional financial systems.
According to ChainCatcher, Aave founder Stani Kulechov said in a post on X that Aave has processed more than $1.1 trillion in cumulative loans.
He said traditional finance depends on back-office teams, settlement departments, intermediaries, and legal agreements, while Aave coordinates lending through code. He also called for more lending activity to move on-chain.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
