This achievement positions Aave as the largest DeFi protocol, with a total value locked (TVL) nearly double that of its closest competitor, Lido.
In fact, total deposits on the DeFi platform are now approaching 10% of deposits at Goldman Sachs.
This highlights the protocol’s growing influence, making it comparable to traditional banking giants in the US financial landscape.
Moreover, market analysts have pointed out that the DeFi platform’s TVL could soon exceed that of Circle, the centralized issuer of USDC, at the current pace of its growth. USDC is the second-largest stablecoin in the crypto industry, with a circulating supply of more than $62 billion.
These companies are now adopting Aave as their preferred infrastructure for lending operations, signaling a growing acceptance of DeFi within mainstream finance.
According to him:
“RWAs + stablecoins will get us there. Most value is still offchain; tokenization moves it onchain. Once onchain it can serve as collateral and earn yield.”
