The model 3 (v3) blockchain’s complete worth locked (TVL) has surged 15% because the begin of the month to $1.76 billion, knowledge from blockchain analytics agency DefiLlama exhibits. Aave’s TVL has skyrocketed 300% since Jan. 1, broadly outpacing different main cryptos over this era. Bitcoin and ether, the 2 largest digital belongings by market capitalization, have risen about 70% and 50%, respectively, in 2023.