In June 2025, the decentralized finance (DeFi) lending sector reached a new record with a total value locked of $54.2 billion.
Market Leaders in DeFi
Aave leads the DeFi market with $16.5 billion in active loans, capturing over 60% of the lending market. Morpho and Spark follow, showing significant community engagement.
Reasons for Increased Trust in DeFi
The rise in TVL in DeFi lending indicates a growing trust and involvement in decentralized finance, emphasizing their role as an attractive yield source. Investors are turning to low traditional interest rates and seeking diversification.
Expert Opinions on the Future
Stani Kulechov, founder of Aave, noted that the TVL surge signifies rising market trust in on-chain lending. Paul Frambot, co-founder of Morpho, pointed out improved community governance as a differentiating factor in this cycle.
The rise in total value locked in DeFi protocols shows the sophistication and growing trust in on-chain lending markets, creating prospects for future investments.
