# What’s Going On In Aave V3?


By [mollector.eth](https://paragraph.com/@mollector) · 2022-05-26

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[Aave](https://www.coingecko.com/en/coins/aave) has solidified itself as one of the biggest money market protocols on Ethereum and the crypto space. Ranking only second to Anchor Protocol, the lending platform boasts an impressive $12.6 billion in Total Value Locked as of March 17th, 2022. However, with the release of Aave V3, one of DeFi’s longest-running projects may have just found its second wind (or, in this case, third wind) to claim the top spot.

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*Originally published on [mollector.eth](https://paragraph.com/@mollector/what-s-going-on-in-aave-v3)*