AAVE: A Comparison to Tradition Banking

Aave is one of the largest and most popular decentralized lending and borrowing protocols in DeFi (Decentralized Finance), built primarily on Ethereum but also operating on multiple other blockchains (Polygon, Avalanche, Arbitrum, Optimism, etc.).

In short: Aave is the “digital money market” of DeFi — think of it as a decentralized bank where anyone can be a lender or borrower, 24/7, without KYC or a middleman.