Aave 淨存款達到 350 億美元——未來會怎樣？

在昨天發布的公告中，領先的 DeFi 借貸協議 Aave 透露，其淨存款已達到 2021 年以來的新高。

Aave Hits $35 Billion In Net Deposits – What’s Ahead?

Aave 淨存款達到 350 億美元——未來會怎樣？

Leading decentralized finance (DeFi) platform Aave has hit a new milestone with $35 billion in total net deposits, marking a new all-time high (ATH) for the protocol.

領先的去中心化金融 (DeFi) 平台 Aave 達到了新的里程碑，淨存款總額達到 350 億美元，標誌著該協議的歷史新高 (ATH)。

According to an announcement made yesterday, Aave had reached a new ATH in net deposits since 2021. At the time of writing, Aave is the largest DeFi protocol by this metric.

根據昨天發布的公告，Aave 的淨存款量已達到 2021 年以來的新高。

For perspective, Aave’s net deposits stood at $5.5 billion at the end of 2022, and increased to $10 billion by the close of 2023. The current figure of $35 billion at the end of 2024 reflects an over 535% surge in just two years.

從長遠來看，Aave 的淨存款在 2022 年底為 55 億美元，到 2023 年底增至 100 億美元。

The year 2024 was particularly transformative for Aave, as the protocol saw increased user adoption across multiple blockchains. During the year, Aave added support for five new markets, including BNB Chain, Scroll, ZKsync Era, and Ether.fi.

2024 年對於 Aave 來說尤其具有變革性，因為該協議在多個區塊鏈上的用戶採用率增加。年內，Aave 增加了對五個新市場的支持，包括 BNB Chain、Scroll、ZKsync Era 和 Ether.fi。

Pending approval by the Aave decentralized autonomous organization (DAO), the protocol is set to expand further by potentially adding support for six additional blockchains, including Mantle, Sonic, Linea, BOB, Spider Chain, and Aptos.

在等待 Aave 去中心化自治組織 (DAO) 批准之前，該協議將進一步擴展，可能會增加對另外六個區塊鏈的支持，包括 Mantle、Sonic、Linea、BOB、Spider Chain 和 Aptos。

For the uninitiated, a DAO is a decentralized entity governed by smart contracts and decentralized voting, where decisions are made collectively by token holders without any central authority. DAOs enable transparent, democratic management of protocols in a trustless environment.

對外行人來說，DAO 是一個由智慧合約和去中心化投票管理的去中心化實體，決策由代幣持有者集體做出，沒有任何中央權力。 DAO 可以在去信任的環境中實現透明、民主的協議管理。

In addition to expanding to new blockchain markets, Aave also launched its latest protocol upgrade, Aave V4. This upgrade introduces several improvements, including enhanced modularity, reduced governance overhead, optimized capital efficiency, and innovative features like the Hub and Spoke liquidity architecture.

除了拓展新的區塊鏈市場之外，Aave還推出了最新的協議升級Aave V4。此次升級引入了多項改進，包括增強的模組化、減少的治理開銷、優化的資本效率以及中心輻射式流動性架構等創新功能。

Furthermore, increased adoption is expected for GHO, Aave’s decentralized, overcollateralized stablecoin. Plans are underway to expand its cross-chain support by early 2025, integrating it into other major smart contract platforms, such as Coinbase's Base and Avalanche (AVAX).

此外，Aave 的去中心化超額抵押穩定幣 GHO 的採用預計會增加。目前正在計劃在 2025 年初擴大其跨鏈支持，將其整合到其他主要智能合約平台中，例如 Coinbase 的 Base 和 Avalanche (AVAX)。

DeFi To Make A Comeback In 2025?

2025 年 DeFi 捲土重來？

Following Donald Trump’s victory in the November 2024 U.S. presidential election, DeFi tokens have experienced a strong surge, driven by optimism surrounding favorable cryptocurrency regulations under the new administration.

唐納德·川普 (Donald Trump) 在 2024 年 11 月美國總統大選中獲勝後，在新政府對加密貨幣有利監管的樂觀情緒推動下，DeFi 代幣經歷了強勁飆升。

Moreover, DeFi protocols have become increasingly secure, fostering greater user trust and leading to higher deposit volumes and a larger total value locked (TVL). A recent report highlighted that DeFi exploits decreased by 40% in 2024 compared to 2023, signaling improved security across the ecosystem.

此外，DeFi 協議變得越來越安全，培養了更大的用戶信任，並導致更高的存款量和更大的總鎖定價值（TVL）。最近的一份報告強調，與 2023 年相比，2024 年 DeFi 漏洞利用減少了 40%，這表明整個生態系統的安全性有所提高。

In Q1 2025, a bullish trend is anticipated for Ethereum (ETH), the second-largest cryptocurrency by market cap and home to the largest DeFi ecosystem. A positive price action for ETH is expected to benefit major DeFi tokens such as AAVE, Curve (CRV), Compound (COMP), and others.

以太幣 (ETH) 預計將在 2025 年第一季出現看漲趨勢，以太幣是市值第二大的加密貨幣，也是最大的 DeFi 生態系統的所在地。 ETH 的正向價格走勢預計將使主要 DeFi 代幣受益，例如 AAVE、Curve (CRV)、Compound (COMP) 等。

That said, the Solana (SOL) DeFi ecosystem is rapidly gaining traction and catching up with Ethereum in terms of adoption. This development could propel Solana-based DeFi tokens, such as Orca (ORCA) and Raydium (RAY), to reach new highs. At press time, ETH is trading at $3,461, up 4% in the past 24 hours.

也就是說，Solana (SOL) DeFi 生態系統正在迅速獲得關注，並在採用方面趕上以太坊。這一發展可能會推動 Orca (ORCA) 和 Raydium (RAY) 等基於 Solana 的 DeFi 代幣達到新高。截至發稿，ETH 交易價格為 3,461 美元，過去 24 小時上漲 4%。