Aave and Lido Finance have surpassed $70 billion in net deposits for the first time, representing 75.25% of the funds allocated to the top five decentralized applications.
Historical Achievement by Aave and Lido
According to Token Terminal, Aave has reached $34.3 billion in net deposits, taking the lead over Lido Finance with $33.4 billion. Together, these two protocols account for 45.5% of the total funds among the top 20 DeFi applications, amounting to $148 billion.
Overall Growth of the DeFi Sector
The DeFi sector overall has experienced growth, with year-to-date TVL rising by 107%. In December, TVL peaked at $212 billion, surpassing $200 billion for the first time.
Continued Growth in Revenue and Trading Volumes
AAVE's revenue over the last 30 days reached $12.5 million, growing by 27.5%, while LDO reached $9.6 million due to a platform growth of 24%. Trading volumes on decentralized exchanges reached nearly $380 billion in November.
Aave and Lido continue to show robust growth, solidifying their positions as leading protocols in the DeFi sector.
