Aave Records New High in Total Value Locked

Aave has reached a significant milestone, surpassing $40.3 billion in total value locked (TVL) according to DefiLlama data. The decentralized finance protocol announced on X that its TVL reached this new peak on May 12th. Notably, the latest version, Aave v3, accounts for approximately $40 billion of this figure. DeFi analyst Jonaso highlighted this development on X, emphasizing that these achievements solidify Aave’s leading position within the lending sector.