The leading crypto exchange and trading platform, OKEx has extended support to the popular DeFi platform, Aave by listing its LEND tokens. According to yesterday’s announcement, LEND spot trading against BTC, ETH and USDT went live on OKEx at 9:00 AM UTC, August 12, 2020 – a day after LEND deposits were allowed on the platform.

Aave, formerly known as ETHLend has been around since 2017, enabling the creation of money markets by offering crypto deposits and lending facilities. ETHLend transitioned to Aave lending platform at the beginning of 2020 with a market scale of over $630 million, making it one among the top 5 DeFi protocols in terms of total locked value. Backed by a 100k+ strong community, Aave continues to register strong growth, as many expect the DeFi project to breach the $1 billion mark in terms of market scale soon.

Recent surveys indicate an increased interest in the Aave lending platform in the past few months. ICO analytics report shows a 63% rise in visitors since June 2020 which makes it the seventh-largest decentralized trading platform in…



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