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

Verona Launches verUSD Stablecoin for AI Payments

Verona has launched a new dollar stablecoin, verUSD, designed for AI payments and machine transactions, with over $100 million in institutional commitments.

user avatarAyman Ben Youssef

Blockchain.com Plans IPO to Enter US Public Markets

Blockchain.com is reportedly preparing for an initial public offering that could raise around $500 million.

user avatarSon Min-ho

Bybit Partners with Franklin Templeton for Innovative Off-Exchange Collateral Program

Bybit partners with Franklin Templeton to allow institutional traders to use tokenized fund shares as collateral without depositing them on the exchange.

user avatarTando Nkube

BTCS Prepares for Tokenized Stocks Trading Under SEC Exemption

BTCS's Imperium unit has completed compliance work for potential trading of tokenized stocks under a new SEC exemption.

user avatarKofi Adjeman

21Shares Announces Staking Distributions for Five Crypto ETFs

21Shares has announced staking distributions for five crypto ETFs, converting on-chain validation rewards into cash payouts for investors.

user avatarNguyen Van Long

Soluna and Bitdeer Expand Bitcoin Mining Partnership

Soluna and Bitdeer are increasing their Bitcoin mining capacity at Project Kati 1 in South Texas, adding approximately 7 MW of mining equipment to reach a total of 35 MW, with completion expected in November 2023.

user avatarSatoshi Nakamura

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.