Aave 净存款达到 350 亿美元——未来会怎样？

在昨天发布的公告中，领先的 DeFi 借贷协议 Aave 透露，其净存款已达到 2021 年以来的新高。

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

Aave 净存款达到 350 亿美元——未来会怎样？

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.

领先的去中心化金融 (DeFi) 平台 Aave 达到了新的里程碑，净存款总额达到 350 亿美元，标志着该协议的历史新高 (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.

根据昨天发布的公告，Aave 的净存款量已达到 2021 年以来的新高。截至撰写本文时，按此指标计算，Aave 是最大的 DeFi 协议。

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.

从长远来看，Aave 的净存款在 2022 年底为 55 亿美元，到 2023 年底增至 100 亿美元。目前的数字在 2024 年底为 350 亿美元，在短短两年内激增了 535% 以上。

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 年对于 Aave 来说尤其具有变革性，因为该协议在多个区块链上的用户采用率有所增加。年内，Aave 增加了对五个新市场的支持，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 去中心化自治组织 (DAO) 批准之前，该协议将进一步扩展，可能会增加对六个额外区块链的支持，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.

对于外行来说，DAO 是一个由智能合约和去中心化投票管理的去中心化实体，决策由代币持有者集体做出，没有任何中央权力。 DAO 可以在去信任的环境中实现透明、民主的协议管理。

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.

除了拓展新的区块链市场之外，Aave还推出了最新的协议升级Aave V4。此次升级引入了多项改进，包括增强的模块化、减少的治理开销、优化的资本效率以及中心辐射式流动性架构等创新功能。

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、超额抵押稳定币 GHO 的采用预计会增加。目前正在计划在 2025 年初扩大其跨链支持，将其集成到其他主要智能合约平台中，例如 Coinbase 的 Base 和 Avalanche (AVAX)。

DeFi To Make A Comeback In 2025?

2025 年 DeFi 卷土重来？

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.

唐纳德·特朗普 (Donald Trump) 在 2024 年 11 月美国总统大选中获胜后，在新政府对加密货币有利监管的乐观情绪推动下，DeFi 代币经历了强劲飙升。

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 协议变得越来越安全，培养了更大的用户信任，并导致更高的存款量和更大的总锁定价值（TVL）。最近的一份报告强调，与 2023 年相比，2024 年 DeFi 漏洞利用减少了 40%，这表明整个生态系统的安全性有所提高。

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.

以太坊 (ETH) 预计将在 2025 年第一季度出现看涨趋势，以太坊是市值第二大的加密货币，也是最大的 DeFi 生态系统的所在地。 ETH 的积极价格走势预计将使主要 DeFi 代币受益，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.

也就是说，Solana (SOL) DeFi 生态系统正在迅速获得关注，并在采用方面赶上以太坊。这一发展可能会推动 Orca (ORCA) 和 Raydium (RAY) 等基于 Solana 的 DeFi 代币达到新高。截至发稿，ETH 交易价格为 3,461 美元，过去 24 小时上涨 4%。