AAVE Leads DeFi TVL Surge as Institutional Interest Fuels Market Growth

The decentralized finance (DeFi) landscape experienced a notable surge in total value locked (TVL) in May 2025, with Aave standing out as the frontrunner. AAVE’s impressive growth, reaching nearly $18 billion in TVL, is driven by its strong governance and security audits, attracting increased investment from both individuals and institutions. This momentum reflects a resilient market adapting to evolving user needs.