April 23 (Cointime) - According to Lookonchain (@lookonchain), three whales, who are likely the same person, have made significant deposits in Ethereum (ETH) and Wrapped Bitcoin (WBTC) on DeFi protocols. 

Industry commentators believe that blockchain technology needs an open communication standard, similar to TCP/IP, to enable a complete transition from Web2 to Web3.

The Aave community has voted overwhelmingly in support of deploying the decentralized exchange (DEX) Aave on the zkSync Era Mainnet, with only 0.02% voting against the proposal. The next steps will involve further discussion, risk parameter evaluation, and finalization of the proposal, followed by on-chain governance approval. Deploying on zkSync is expected to introduce new users to DeFi and cement Aave as a premier borrowing platform within the zero-knowledge ecosystem. Aave previously voted to deploy the Aave V3 codebase on zkSync's v2 Testnet, and Uniswap is also set to launch on the zkEVM solution from scaling solution provider Polygon after a successful governance proposal. (Cointelegraph)

Thursday’s crypto exploit related to decentralized finance (DeFi) giants Yearn and Aave came with an unusual twist: Some users actually made money instead of losing it.

The total funds deposited on DeFi lending and borrowing protocol, Aave [AAVE], grew steadily since the start of 2023. As per Token Terminal, the monthly average total value locked (TVL) for March jumped 10%  from the previous month’s data, and as much as 18% from January.

Recent “temperature check” votes provided overwhelming support for adding Aave’s latest version 3 to the newly launched Ethereum layer-2 rollup, Polygon zkEVM, as well as to Binance’s BNB Chain, an alternative layer-1. Both chains employ dapps using the Ethereum virtual machine (EVM).

Aave, a DeFi lending leader, is looking to expand its reach to other blockchain ecosystems, with a temperature check vote initiated to deploy Aave V3 on Starknet. The proposal seeks to finalize the second phase by fully implementing the Aave protocol on Starknet, a zero-knowledge rollup network. Aave V3 represents the third major iteration of the Aave protocol, introducing new features and optimizations. Aave-Chan Initiative founder Marc Zeller also proposed deploying Aave V3 on BNB Chain to grow Aave's presence and tap into the Binance-associated blockchain's user base. Feedback and input will be gathered from the Aave community before a governance vote is held.

Bitcoin's market value decreased by 1% to $27,546 on Friday following the expiration of options worth billions of dollars and bearish bets on the cryptocurrency's Ethereum-based wrapped version, WBTC. Market makers sold their spot and contracts to maintain a direction-neutral exposure, leading to the price drop. The sale of borrowed WBTC tokens may have also contributed to the decline. WBTC is the largest wrapped version of bitcoin on Ethereum and can be swapped on a 1:1 basis for BTC. The number of WBTC borrowed from decentralized lending protocol Aave has increased by 29% in two weeks, signaling renewed interest in taking an indirect bearish bet on bitcoin.

PeckShieldAlert @PeckShieldAlert on Twitter: Justin Sun-labeled address has withdrawn 1M $TUSD from AAVE https://etherscan.io/tx/0x3527ecc1824f75e9da5efeb4cb3f2ff0adac6ed54e795ae90a4185fde5aa029d