In an Aug. 10 post on X, Kulechov explained that the DeFi protocol’s current growth rate could push it to that figure sooner than expected.
These bullish positions are unsurprising considering Aave has experienced a strong upward trajectory this year.
In July, the protocol surpassed $50 billion in net deposits for the first time, and it has since added another $11 billion, bringing its total to $61.1 billion as of press time.
Aave’s remarkable growth is a product of its DeFi roots and reflects increasing interest from traditional finance and fintech companies.
However, USDe’s expanding exposure to Aave poses some risks to the DeFi protocol’s growing footprint.
