𝘼𝙖𝙫𝙚 𝙞𝙨 𝙐𝙣𝙙𝙚𝙧𝙫𝙖𝙡𝙪𝙚𝙙

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- $AAVE still dominates lending by usage, running about 7× the active loans of its nearest peer.

Yet it’s only ~2× Morpho by FDV, in a sector levered to stablecoin growth. That gap is worth watching.

AAVE
AAVE
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