Aave reached multiple all-time highs this week, fueled by the heated crypto market.
The achievements come amid DeFi lending emerging as the second-largest category with $75.3 billion in combined TVL.
DeFi lending protocols collectively manage $75.3 billion in total value locked across 540 protocols, making it the second-largest DeFi category behind liquid staking’s nearly $81 billion.
The lending sector has posted a strong recent performance with 18.7% growth over the past month, outpacing most other DeFi categories. Furthermore, active loans reached roughly $43 billion on August 13, a new record for the sector.
The protocol’s expansion has been driven by institutional adoption and strategic partnerships.
Aave’s multiple records this week demonstrate the protocol’s evolution into a potential institutional-grade financial infrastructure, capturing market share as traditional finance institutions increasingly integrate decentralized lending services.
