Odaily Planet Daily News: Aave's dominant position in the DeFi lending field seems to be facing fierce competition. According to data compiled by Token Terminal, the net deposits of Kamino, a DeFi project on the Solana chain, have increased by 1368% since January 2024, while the net deposits of Morpho have increased by 214% during the same period. Meanwhile, Aave's net deposit growth rate is approximately 213%.
This week, Aave founder Stani Kulechov criticized Kamino on X, stating that the project is a "copycat" of Aave's "old technology" and uses a "half baked" user interface. His post sparked rebuttal from Solana community members, including Solana co-founder Anatoly Yakovenko, who believed that Kamino was better. Another early member of the Aave development team, Marc Zeller, has also been criticizing the practices of other DeFi projects when they encounter problems.
Although Kulechov criticized Kamino, he admitted in a recent podcast that "overall, the more developers on the chain, the better. It doesn't matter where they start or end. I would be happier if Solana had more developers to build resilient, secure, and secure DeFi." (Bloomberg)
