Honestly, there's no need to be overly pessimistic about this project. Among many projects in the crypto space, it can be considered one of the truly valuable ones.

AAVE has established an absolute advantage in the DeFi lending sector—holding nearly 60% of the market share, with over 60% of active loans. This year alone, protocol fees have approached $900 million, with revenue surpassing many competitors combined. This scale already exceeds that of ordinary DeFi projects, reaching a bank-level business size.

The entire DeFi track is also undergoing a transformation. The model relying on high APYs and unlimited mining to attract users is coming to an end. The market is gradually shifting toward real fee-driven mechanisms, stablecoins, treasuries, and sustainable income models. Institutions no longer focus on astronomical APYs but value transparent mechanisms, programmable features, and long-term usable yield models. In the next two years, institutional funds will continue to flow in steadily.

Aave App happens to be at this turning point. It packages complex DeFi protocols into a savings app similar to a bank—easy to download, stable yields, supporting fiat deposits and withdrawals, with a simple and relatively passive user experience.

Once this entry point is established, a positive cycle forms: increased deposits → deeper liquidity → lower lending costs → attracting institutions → more stable yields → further attracting users.

The foundation of early DeFi was built by protocols like Aave, Uniswap, and Lido. Now, Aave may make another move, leading a new generation of projects to advance the next stage of development. This phase is no longer about competing for greater decentralization but about who is more user-friendly, who can truly support funds, and who can provide long-term, replicable yields.

Mainstream acceptance, passive savings, and real income—these are becoming the new core narratives. And Aave is positioning itself at the center of this future.