#DeFiGetsGraded Theo PANews, the decentralized finance protocol Aave has achieved an important milestone by surpassing three major banks in the United States in terms of deposit volume. With a total deposit of $67.921 billion, Aave has climbed into the top 40 banks in the United States, securing the 38th position.

Comparative data shows that Aave has surpassed traditional banks such as SouthState Bank, Valley National Bank, and CIBC Bank USA. This development highlights the increasing influence and adoption of decentralized finance platforms in the financial sector.