Stani Kulechov the founder and CEO of Aave. When we spoke Aave was the second-largest DeFi protocol, but in the days after our conversation, it rose to overtake MakerDAO and become the DeFi platform with the most assets held in its smart contracts, at over $1B in digital assets. It’s been an exponential rise for Aave, which launched just eight months ago and in that short time was able to climb the famous Defi Pulse Total Value Locked ranking to the top. It’s done so pushing DeFi forward by driving innovation in interest-generating tokens, flash loans and delegated credit lines, which are all lowering the barriers of entry to users from all corners of the world to access financial applications. We also get into all the recent yield farming craziness, which he wishes was more restrained.

The number of DeFi monthly users has hit a new milestone. This is according to the Co-Founder of Zapper.fi, Seb Audet who shared the findings via tweet. The number of DeFi users has skyrocketed in the month of August after stable growth in June and July. DeFi monthly active users have hit 292,000 in the month of August. Additionally, Mr. Audet broke down the numbers in terms of weekly and daily active users. In the case of the former, he gave a figure of 99,686 Weekly active users. In terms of daily active users, the figure stands at 19,287.  #Crypto #CryptoNews #CryptoCrunchApp