The number of unique users on the Aave protocol decreased by 25.16% last month, according to Messari. Aave's new partnership with Lemon App could help boost that number and spur growth, but the decline in unique users could also signal serious problems with the protocol.
According to Dune Analytics, the drop in the number of unique users may be due to the staking rewards, which have significantly decreased over the past few months.
However, the newly formed partnership may not be enough to fully revive the Aave protocol. Aave may need to address the underlying issues causing the drop in unique users, staking rewards, and TVL.
