DeFi Lending Protocols Reach New TVL High of Over $55 Billion, Aave Dominates with Nearly 50% Share

The total value locked (TVL) in lending protocols has reached a new record of $55 billion, surpassing previous peaks recorded in 2021, 2022, and late 2024.

The crypto lending segment has claimed the top spot in the DeFi Llama rankings, surpassing liquid staking, cross-chain bridges, and decentralized exchanges (DEX) in terms of TVL.

In the lending segment, Aave leads by a significant margin with $25.47 billion. The platform supports 17 networks.

In April, Aave’s TVL was $16.87 billion, marking a 55% increase since then. Since the beginning of the year, the figure has risen by more than 32%.

According to The Block, in April, Aave’s average daily revenue from fees was approximately $900,000. By June, this figure had reached $1.6 million.

Over the past three months, the AAVE token has risen by more than 65%. In comparison, Bitcoin increased by 26% over the same period.

Beyond Aave

In recent months, other lending protocols such as Morpho Blue and Maple Finance have gained popularity. The TVL of the former stands at $4.23 billion, while the latter is at $1.47 billion. Their growth over the past 30 days has been 21% and 36%, respectively. 

The MORPHO token has increased by 12% over the past three months, while Syrup from Maple has surged by 140% since its launch in May. 

Maple Finance has attracted user attention by entering the market with undercollateralized lending based on RWA.

Since the beginning of 2024, the capitalization of the tokenized real-world assets market has increased by more than $100 billion.