AAVE DAO'S STATE OF THE UNION

Summary from the TLDR Crypto newsletter

Aave came back from the depths of the 2022 DeFi collapse to become the dominant onchain lending protocol. Today, Aave manages over $60B in TVL, generates $130M in annual revenue, and controls nearly 74% of the lending market. The DAO is phasing out underperforming L2 deployments and “friendly forks,” while doubling down on its stablecoin GHO, buybacks, and strategic growth deals. With its financial strength and sharpened focus, Aave aims to cement its position as the definitive leader in decentralized finance.