Lending TVL Hits Record $55.7B
Decentralized lending protocols have reached a major milestone, with total value locked (TVL) climbing to an all-time high of over $55.69 billion, surpassing previous peaks from 2021, 2022, and late 2024.
Leading the charge is Aave v3, which set a new personal record with $26.09 billion in TVL last week. That’s a 55% increase in just two months from its April 1 level of $16.87 billion. Year-to-date, Aave v3 is up more than 32%, having started 2025 with $19.72 billion in TVL.
Protocol Growth and Revenue Spike
Alongside its TVL growth, Aave’s fee generation has surged, averaging $900,000 per day in April and now climbing to around $1.6 million daily in June. This nearly 80% increase in revenue reflects increased borrowing activity and protocol usage across its deployed chains.
AAVE Outperforms Bitcoin
The AAVE token has followed suit, rallying over 65% in the past three months, far outpacing Bitcoin’s 26% gain over the same period. This strong performance highlights investor confidence in lending protocols as DeFi infrastructure continues to mature.
As institutional activity and on-chain liquidity deepen, the record-breaking TVL signals a renewed wave of DeFi momentum, with Aave v3 at the forefront of the lending sector’s resurgence.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
