Aave Reaches $75 Billion in Net Deposits, Underscoring DeFi’s Expansion

Aave, a leading decentralized lending protocol, has surpassed a significant milestone with its total net deposits (TVL) exceeding $75 billion. This makes it the first decentralized finance (DeFi) protocol to achieve this level, signifying the growing scale of DeFi applications in the financial landscape. The landmark achievement was announced on the Aave platform’s official X account, highlighting one of the highest levels of liquidity ever recorded within DeFi. ^{[1] [2]}