According to new data by Dune Analytics, Aave showed significant growth over the last few quarters. This was because the number of Aave users witnessed an increase. However, in terms of volume, the protocol lagged behind MakerDAO, which had dominated the market thus far. 

Regardless, Aave grew in 2022, and ranked second in terms of transaction volume at the time of writing. It had registered over $559 million in transaction volume over the last seven days.

At the time of writing, Aave was trading at $63.93. Its price had gained by 0.40% in the last 24 hours, according to CoinMarketCap. However, its volume rose by 14% during the same period.