Aave's annual revenue so far is $86M, compared to $90M for the whole of last year. This seems a bit counterintuitive since this year is supposed to be a big year for institutional stablecoins, but the scale of inflows into the lending market has been relatively limited, with the main players still being USDC and USDT. The growth in this area might take another 2-3 years to fully materialize. Looking back to 2023, Aave's annual revenue was $22M, so the growth over the past two years has been absolutely massive.