Aave（$ AAVE）从鲸鱼主导的平台转变为迎合日常用户的平台

Aave是以太坊上最大的贷款和借贷协议，正在急剧改变自己。在过去的几年中，平台供应和借用的动态

A striking shift in the dynamics of the largest lending and borrowing protocol on Ethereum, Aave, has come to light, revealing a dramatic change in the platform’s supply and borrow usages over the past couple of years.

在以太坊上，最大的贷款和借贷协议的动态发生了巨大的转变，揭露了平台供应的巨大变化，并在过去几年中借用了使用。

As Dynamo DeFi highlighted, the concentration of big 'whale' users' supply and borrow activities has decreased significantly, shifting the balance of power toward everyday users. Two years ago, over 80% of Aave's activity was in the hands of large users, but now, that user type only commands roughly 20% of Aave's activity.

正如Dynamo Defi所强调的那样，大“鲸鱼”用户供应和借贷活动的集中度已大大减少，从而将电力平衡转移到了日常用户。两年前，AAVE的80％的活动掌握在大型用户手中，但是现在，该用户类型仅命令AAVE活动的20％。

This shift in user demographics is a response to DeFi adoption. As finance becomes more decentralized, we have more control over our money, and platforms like Aave are set up to meet our needs. Aave lets you earn interest on assets you just have lying around. You can effectively rent them out to people who want to take out loans. You can also take out a loan yourself from the same platform. Aave is set up to do these things without anybody getting in the way, and it was apparently designed with people in mind who have previously been somewhat shut out of the finance sector.

用户人口统计学的这种转变是对Defi采用的响应。随着财务变得更加分散，我们对金钱有了更多的控制权，并且建立了像AAVE这样的平台来满足我们的需求。 AAVE可以让您从刚躺在周围的资产上赚取利息。您可以有效地将它们出租给想要贷款的人。您也可以从同一平台上借出贷款。 Aave是为了做这些事情而不会妨碍任何人的事情，并且显然是由以前在金融领域被拒之门外的人设计的。

This is a change that is sure to have a positive impact on the broader DeFi ecosystem, as it will make it easier for smaller users to participate in and benefit from decentralized finance.

这是一个变化，一定会对更广泛的自我生态系统产生积极影响，因为这将使小型用户更容易参与并从分散的财务中受益。

Aave ( $AAVE)

Aave（$ aave）

Biggest lending/borrowing protocol on Ethereum

以太坊上最大的贷款/借贷协议

$19.5B+ in TVL, $60M annualized revenue with no token unlocks left

$ 19.5B以上的TVL，6000万美元的年度收入，没有令牌解锁

Starting $1M/week token buybacks soon, which will add some buying pressure. pic.twitter.com/ucLWiqO3qN

每周$ 100万的代币回购很快就会增加购买压力。 pic.twitter.com/uclwiqo3qn

— Sjuul | AltCryptoGems (@AltCryptoGems) March 27, 2025

- sjuul | altcryptogems（@altcryptogems）2025年3月27日

Aave has already hit the top spot as the largest DeFi platform for lending and borrowing on Ethereum, with more than $19.5 billion in TVL. It has a reputation for offering very innovative, very interesting financial products—in fact, it’s become the certification authority for such products in the crypto space. If you want to earn interest on something, or if you want to pledge something as collateral to take out a loan, Aave is pretty much the place to go if you want to do it in a DeFi way. The platform happens to be incredibly user-friendly as well, which also counts for something. And you have to give them credit for being strong, transparent, and getting governance right—all of which matters for both institutional players and individual users.

AAVE已经成为最大的贷款和借贷以太坊的Defi平台，其TVL超过195亿美元。它在提供非常创新，非常有趣的金融产品方面享有声誉 - 实际上，它已成为加密货币领域此类产品的认证机构。如果您想从某事上赚取利息，或者如果您想承诺某件事作为抵押品来支付贷款，那么如果您想以一种方式进行贷款，AAVE几乎是一个可以去的地方。该平台恰好也非常友好，这也很重要。而且，您必须因为坚强，透明和正确的治理而值得称赞 - 这对机构参与者和个人用户都很重要。

Aave is also known for being very community-focused. The protocol’s team has been engaging closely with its community on various proposals and initiatives, like the introduction of new features and the integration of new crypto assets.

Aave还以非常注重社区的重点而闻名。该协议的团队一直在与社区紧密接触各种建议和计划，例如引入新功能以及新的加密资产的集成。

The protocol’s core structure is also seeing continued advancement. The total value that is now locked (TVL) in Aave has gone past $19.5 billion, keeping Aave distinctly above any nearest rivals as the largest lending and borrowing protocol on Ethereum. Even when not paying attention to the growing user base, it’s clear that Aave’s leadership in decentralized finance is being solidified by some very interesting, innovative, and user-friendly features.

协议的核心结构也正在持续进步。现在已锁定的总价值（TVL）已超过195亿美元，使AAVE明显超过任何最近的竞争对手，这是以太坊上最大的贷款和借贷协议。即使不关注不断增长的用户群，很明显，AAVE在分散融资方面的领导才能通过一些非常有趣，创新和用户友好的功能巩固。

This protocol’s remarkable total value locked mirrors not just its triumph in drawing users—it also indicates a win in keeping cash on hand, which is necessary for the protocol to make the transactions it needs to make and be competitive in the DeFi lending space. Aave sitting at the head of the Ethereum lending market speaks volumes about the protocol’s capacity to pivot when necessary.

该协议的显着总价值锁定镜子不仅是在绘制用户方面的胜利 - 还表明，在手头上保持现金是一场胜利，这对于该协议制作所需的交易是必不可少的，在Defi Lending Space中需要进行交易和竞争力。坐在以太坊贷款市场头上的艾夫（Aave）在必要时说明了该协议的枢轴能力。

In the DeFi ecosystem, Aave is working to strengthen its position further. It has some new initiatives in place that are aimed at driving growth and, more importantly, creating a lot more value for the holders of its token. One of the most exciting programs that are now set to launch is Aave’s new buyback program. It’s a huge buyback program that is going to start quite soon. Aave is going to buy back $1 million worth of its token every week for potentially a long time.

在Defi生态系统中，AAVE正在努力进一步加强其位置。它制定了一些旨在推动增长的新举措，更重要的是，为其代币的持有人创造了更多的价值。现在将启动的最激动人心的计划之一是AAVE的新回购计划。这是一个巨大的回购计划，很快就会开始。 Aave可能会每周回购价值100万美元的代币。

The buybacks show that the Aave team is working to add value to its ecosystem, which in turn benefits both holders and users of its tokens. Now that all the tokens that were slated for unlocking have been unlocked, the Aave team is focusing on giving back to the community that supports it and on driving the token’s market position in a way that is beneficial to both holders and users.

回购表明，AAVE团队正在努力为其生态系统增加价值，这反过来又使持有人和代币的用户受益。现在，所有计划解锁的令牌都已解锁，AAVE团队正在重点回馈支持它的社区，并以对持有者和用户都有益的方式来推动代币的市场位置。