Aave and Lido: Record Net Deposits in DeFi

user avatar

by Giorgi Kostiuk

2 years ago

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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

eToro Reports Decline in Third-Quarter Net Income Amid Growing Funded Accounts

eToro reports a significant decline in third-quarter net income to approximately $15 million, down from $57 million last year, despite an 18% growth in funded accounts.

user avatarSon Min-ho

Bitdeer Achieves Record Revenue but Faces Major Losses

Bitdeer reported record revenue of $320.7 million for Q3 2023, an 89% increase year-over-year, but faced a net loss of $125.5 million.

user avatarAyman Ben Youssef

Bitcoin May Benefit from Greater Regulatory Clarity

Bitcoin may benefit from a more predictable US regulatory environment as the SEC shows interest in blockchain-based financial infrastructure.

user avatarKofi Adjeman

SEC Reports Significant Decline in Enforcement Actions

The US Securities and Exchange Commission (SEC) has reported a significant decline in enforcement actions, marking the lowest level since 1991, under the Trump administration.

user avatarTando Nkube

HTX Enhances Trading Fundamentals Amid Market Volatility

HTX enhances trading fundamentals amid market volatility by improving market depth and launching new promotions.

user avatarSatoshi Nakamura

HTX Completes Q3 Token Burn, Enhances Brand Influence

HTX completed its Q3 token burn, destroying approximately 939 trillion HTX tokens valued at around $154.8 million, and enhanced its brand influence at TOKEN2049 in Singapore.

user avatarNguyen Van Long

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.