News, data and analysis on tokenized assets, market design and digital economic systems.
The largest onchain lending market by deposits, with interest rates set algorithmically from pool utilisation rather than by bilateral negotiation; its Horizon market takes tokenized money market funds and Treasury products as collateral.
The largest onchain lending market by deposits, matching suppliers and borrowers of crypto assets and stablecoins at interest rates set algorithmically from pool utilisation rather than by bilateral negotiation. The protocol debuted in 2020 out of ETHLend and is governed by the Aave DAO, with Aave Labs as the original author of the code. Its Horizon market accepts tokenized money market funds and Treasury products as collateral for stablecoin borrowing, making it one of the few venues where tokenized securities carry a publicly observable financing rate.
Developments in which Aave is a named party, newest first.
Aave reported cumulative lending volume above $1tn in late February 2026, the first decentralised credit protocol to reach that figure. The protocol attributed part of the growth to institutional participation, including its Horizon market for real-world…
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