AAVE crypto has reached record lending volumes in 2024, with net deposits hitting $33.9 billion and active loans at $13.6 billion, solidifying its leadership in the DeFi space. The surge in user adoption on the Base blockchain, now with over 75,000 monthly active users, reflects a growing demand for scalable and cost-effective DeFi solutions. Additionally, optimistic OI-weighted funding rates indicate a bullish sentiment among traders, contributing to AAVE's price rally from approximately $150 to over $300.