If Aave were a bank, its $30 billion in deposits would make it the 64th largest in the world, gradually rewriting the TradFi.

Bitwise CEO Hunter Horsley said earlier on X that AAVE now has $30 billion in deposits, and if it were a bank, it would rank 64th in terms of deposits. (Synopsis: SAND soared 100% in two days, the old public chain woke up collectively, and the altcoin season signal light came on? (Background supplement: JPMorgan Chase: Trump will promote BTC "8 weeks in a row", friendly BTC commitment, tariff policy double benefit) Although the eyes of this round of the encryption currency Bull Market are focused on BTC and meme coins, the innovation in the field of Decentralized Finance is relatively cold compared with the last round of Bull Market. But the development of the decentralization market is still in progress. Against this backdrop, Bitwise CEO Hunter Horsley said earlier on X: AAVE now has $30 billion in deposits, more than a few U.S. banks. If it were a bank, it would be in 64th place in terms of deposits. The future is on-chain. The unrelenting growth of @aave is remarkable — Now at $30B in deposits, it’s larger than thousands of US banks. If it was a bank it would be the 64th largest by deposits. The future is Onchain. pic.twitter.com/4m2U1X5b77 — Hunter Horsley (@HHorsley) November 23, 2024 BTC overtakes Saudi Aramco as the 7th largest asset in the global Market Cap According to 8marketcap data, BTCMarket Cap is currently at $1.93 trillion, surpassing Saudi Aramco (commonly known as Saudi Aramco), and Silver Market Cap $1.73 trillion, jumping to become the 7th largest asset in the global Market Cap, less than $10 billion away from Google Market Cap. BTCSpot ETF may surpass gold in January next year Eric Balchunas, senior ETF analyst at Bloomberg, also wrote on the X platform in mid-this month that the overall Assets Under Management (AUM) of the U.S. BTCSpot etf is now as high as $84 billion, which has reached two-thirds of the asset size of gold ETFs. At the same time, it is predicted that the asset size of BTC ETFs is likely to surpass that of gold ETFs by the first anniversary of its listing in January next year. Suddenly, they (the AUM of the BTCSpot ETF) have a good chance of surpassing gold on their first birthday, which we originally predicted would take 3~4 years. Assets in the US spot bitcoin ETFs are now up to $84b, which is 2/3 of the way to what gold ETFs have, all the sudden there's a decent shot they surpass gold bf their first birthday (we predicted it would take 3-4yrs) pic.twitter.com/MlPZNhdKjO — Eric Balchunas (@EricBalchunas) November 11, 2024 Related Stories Rich Dad Announces BTCHoldings "73 Pieces", plans to increase the position to 100 pieces: the upper rise has not yet been capped! Standard Chartered: Trump has "slim chances" of including BTC in the US strategic reserve, but will overturn SAB121 encryption accounting method after taking office Bearish on BTC! CryptoQuant CEO warned of "falling below 59,000 magnesium" at the end of the year, guessing the price of 0.1 BTC BTC can still rise? Analysts "two indicators" judge that the market has not overheated "Aave If a Bank" $30 billion deposits have become the 64th largest in the world, Decentralized Finance gradually rewrites TradFi" This article was first published in BlockTempo "Dynamic Trends - The Most Influential Block Chain News Media".