The platform has recently launched a new Merit Program for cbBTC, a Bitcoin stablecoin by Coinbase, and has implemented measures to incentivize the use of the stablecoin for lending and borrowing activities.
With its user base expanding, new product launches, and performance metrics demonstrateing strong growth, Aave remains a leading player in the DeFi space and is likely to continue shaping the landscape of decentralized finance.
In just one week, the number of Aave addresses on Optimism boostd by 675%, outpacing the growth of other major protocols like KuCoin tokens (KCS), Maker, Chainlink, and Raydium.
Aave, a popular decentralized lending platform, has seen its user base grow rapidly on the Optimism blockchain. This impressive performance is expected to lead to a boost in the demand for AAVE tokens, potentially pushing the price towards new 2024 highs.
In addition to rapid user growth, Aave has also been focusing on improving its product offerings.
