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Aave Replaces MakerDAO As Second-Largest DeFi Protocol by TVL, While Maker Co-Founder Accumulates MKR Tokens

Aave has overtaken MakerDAO as the second-largest DeFi protocol in terms of total value locked (TVL), according to DefiLlama data. This is due to a 15% drop in Maker's TVL since March 10, caused by the collapse of Silicon Valley Bank, the depeg of USDC and its DAI stablecoin, and a fall in DAI supply rates.

However, Maker's co-founder Rune Christensen has been accumulating MKR tokens to ensure the protocol's survival. Maker has also diversified its backing assets and reduced its reliance on USDC by including real-world assets in its revenue generation.

Meanwhile, unique codes are being used to identify ad triggers for different platforms, and the adpushup function is being used to push the code into a queue.

Maker Maker $2,806.90
+2.76%
AAVE MakerDAO
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