At EthCC 2025, Aave Labs founder Stani Kulechov discussed the shift from traditional banking to fintech and the potential of blockchain technology. He noted that over 60% of the global population uses digital wallets, indicating a strong base for blockchain adoption. Kulechov highlighted the tokenization of real-world assets as a "multi-trillion-dollar opportunity."
Kulechov acknowledged challenges in DeFi, emphasizing the need for clear value propositions to achieve mass adoption. He stated that DeFi needs to be significantly better than traditional finance. The current price of Aave (AAVE) is $272.94 USD, with a change of -3.20 USD (-0.01%) from the previous close.
BlackRock's launch of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) in March 2024 further integrates blockchain into traditional finance. By March 2025, BUIDL's market capitalization reached approximately $1.7 billion. The fund is now available on multiple blockchain networks including Solana, Aptos, Arbitrum, Avalanche, Optimism, and Polygon.