Aave Founder: Aave's total loan amount has exceeded 1.1 trillion US dollars

Aave founder Stani Kulechov tweeted that Aave has processed a total loan amount exceeding 1.1 trillion USD.

He pointed out that traditional finance relies on backend teams, settlement departments, intermediaries, and legal agreements, while Aave coordinates lending through code and calls for more lending activities to be moved on-chain.