PANews reported on March 9th that, according to Decrypt, the DeFi lending protocol Aave saw a record high of approximately 155,000 monthly active users in February, nearly doubling from six months prior. Sean Dawson, Head of Research at Derive, stated that mainstream basis trades (such as holding sUSDe), which previously offered annualized returns of around 10%–30%, have now dropped to less than 4%, leading to a decrease in low-risk strategies and a shift of funds towards DeFi lending for interest income. Peter Chung, Head of Research at Presto Labs, indicated that Aave is gaining popularity as a key on-chain financial infrastructure. Despite the withdrawal of the Aave Chan Initiative and BGD Labs from ecosystem governance, the TVL (TVL) of the Aave protocol across 20 chains remains close to $27 billion, and lending operations are functioning normally.