The lending large has surpassed $24 billion in TVL, outpacing the broader DeFi market.
Lending protocol Aave has hit a significant milestone, now accounting for 20% of the full worth locked (TVL) throughout your entire decentralized finance (DeFi) ecosystem.
In accordance with DeFiLlama, Aave’s TVL has surged previous $24 billion, making it the biggest DeFi protocol by TVL.
AAVE, the protocol’s native token, has additionally rallied alongside the rise in TVL. It’s presently buying and selling at $262, up 90% over the previous month, with a market capitalization nearing $4 billion, in response to CoinGecko.
The DeFi sector has been boosted by a pointy rebound within the worth of ETH, which is up practically 60% up to now month.
Crypto analytics platform SeaLaunch famous that the protocol’s TVL dominance has practically doubled since January 2024 – rising from 11% to twenty% over the previous 16 months. Throughout that very same interval, DeFi’s complete TVL doubled from $56 billion to $115 billion, whereas Aave’s TVL grew sooner from $6.6 billion to $23.8 billion (a 3.6x enhance).
This outperformance underscores the growing demand for decentralized lending amid a broader DeFi restoration after a sluggish begin earlier this yr. Aave can be increasing its footprint outdoors the Ethereum ecosystem, sharing on Monday that its V3 iteration was efficiently deployed on the Aptos blockchain.
In January, DeFi TVL suffered as billions of {dollars} in positive aspects had been erased following a post-election surge in December 2024. TVL throughout DeFi protocols peaked at $179 billion in December 2024; nonetheless, by April 2025, it had dropped practically 40% to $109 billion, in response to DeFiLlama.
Since then, the sector has rebounded, with TVL rising 38% over the previous month to achieve $151 billion as of Might 20.
