There is a new number one in the DeFi space

Aave (AAVE) is growing at a record pace as UniSwap V3 goes live and SushiSwap launches a new liquidity mining program on Polygon. Who is the new number one in DeFi space?The total Total Value Locked (TVL) in DeFi space has reached a new all-time high of 141.27 billion US dollars. The TVL value measures the entire crypto capital that is stored in Smart Contracts with a DeFi reference. Compared to the previous week, the TVL was able to increase by over 18 billion US dollars. That represents a growth of 15.11 percent over the last seven days and illustrates how much capital is currently flowing into the decentralized finance sector.But not only the Total Value Locked was able to set a new record this week, but also the DeFi lending project Aave.Almost a year after Compound sparked the DeFi hype with a liquidity mining program, Aave is now launching its own liquidity mining program. Liquidity mining, also known as yield farming, is a process in which users can provide liquidity in a DeFi protocol and receive trading fees and token rewards in return.The primary goal of liquidity mining programs is to get users to transfer liquidity to DeFi protocols so that they are more effective than those of the competition. Because whoever has the most liquidity in the DeFi space can usually offer better service for their users.The start of the Aave liquidity mining program was extremely successful and in less than two weeks the project was able to double its TVL. With a TVL of over $ 12 billion, Aave is now the new number one in DeFi space. Aave has thus successfully ousted competitors such as Compound (COMP) or MakerDAO (MKR), who were previously at the top, from first place.In addition to the liquidity mining program, the…