Aave’s Net Deposits Surpass $50 Billion, Becoming the First DeFi Protocol to Reach This Milestone

Odaily Planet Daily reports that Aave’s net deposits have surpassed $50 billion, making it the first DeFi protocol to reach this scale. This figure represents the total collateralized assets across its 34 on-chain markets minus outstanding loans. According to Aave’s founder, an increasing number of traditional financial institutions are adopting Aave as lending infrastructure.
This milestone also reflects the overall recovery trend in DeFi. Data shows that since December 2024, the total value locked (TVL) in the DeFi sector has approached $120 billion, with Ethereum-based lending dominating the market and locking over $63 billion. According to DefiLlama, Aave’s current TVL is around $29 billion, accounting for nearly half of the sector.
It is reported that the Aave governance community is advancing several upgrade initiatives, including “Aave V4,” which aims to introduce account abstraction and native real-world asset vaults. There are also plans to support Bitcoin Layer2 assets and expand the GHO stablecoin to more blockchain platforms. (The Block)