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Aave, a decentralized finance (DeFi) protocol, has reached a brand new file of funds onchain, based on knowledge from DefiLlama.
In an X post, Aave stated it topped $40.3 billion in whole worth locked (TVL) on Could 12. Onchain knowledge reveals that Aave v3, the most recent model of the protocol, has roughly $40 billion in TVL.
Aave is a DeFi lending protocol that lets customers borrow cryptocurrency by depositing different sorts of cryptocurrency as collateral. In the meantime, lenders earn yield from debtors.
“With these milestones, Aave is proving its dominance within the Lending House,” DeFi analyst Jonaso stated in a Could 12 X post. TVL represents the full worth of cryptocurrency deposited right into a protocol’s sensible contracts.
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Breaking all-time highs
In December, Aave achieved an all-time excessive TVL largely as a result of the worth of Ether (ETH) rose roughly 60% from the prior month. Ether and its staking derivatives make up practically half of Aave’s TVL, based on data from DefiLlama.
This time round, Aave’s all-time excessive TVL can also be pushed by inflows of deposits by customers.
In Ether-denominated phrases, Aave’s TVL rose from round 6 million ETH in the beginning of 2025 to just about 10 million ETH on Could 12. Measuring TVL in ETH accounts for the influence of fluctuating cryptocurrency costs.
Earlier than US President Donald Trump prevailed within the November election, Ether traded at lower than $2,500. It peaked at virtually $4,000 the next month, based on knowledge from Google Finance.
Prior to now month, Ether has additionally clocked substantial beneficial properties, rising from round $1,500 per Ether 30 days in the past to roughly $2,500 as of Could 12, based on knowledge from Google Finance.
The worth of Aave’s native AAVE (AAVE) token has risen roughly 25% previously seven days, reflecting a buoyant crypto market and ongoing TVL inflows, based on data from CoinMarketCap.
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