Aave Dominates DeFi with $34.3 Billion in Net Deposits as Lido Follows Close Behind

As of December 25, COINOTAG reports significant advances in the decentralized finance (DeFi) sector, highlighted by the lending protocol Aave and the liquidity staking protocol Lido. According to data from TokenTerminal, the net deposits for these platforms have exceeded $70 billion, marking a pivotal moment in the DeFi landscape. Currently, Aave leads with net deposits of $34.3 billion, while Lido closely follows with $33.1 billion. Collectively, they represent an impressive 45.5% of the total deposits across the top 20 DeFi applications.

In terms of Total Value Locked (TVL), Lido stands at the forefront with $33.8 billion, followed by Aave at $20.6 billion. Recent performance metrics indicate a robust growth trajectory, with Aave’s revenue surging 27.5% to reach $12.5 million over the past month, while Lido’s revenue saw a commendable 24% increase, totaling $9.6 million. Furthermore, the overall TVL for DeFi has witnessed a remarkable growth of 107% in 2024, surpassing a significant $212 billion benchmark as of December 16.