Aave Becomes First DApp to Exceed $51 Billion in Total Value Locked

Aave, the world's largest liquidity protocol, has achieved a historic milestone by surpassing $51 billion in Total Value Locked (TVL). This marks the first time a decentralized application has crossed the $50 billion threshold, solidifying Aave's position as a cornerstone of the DeFi ecosystem.

The protocol now commands 17.9% of the entire DeFi market, which currently stands at $284 billion in TVL. Aave's dominance stems from its comprehensive suite of services, including asset supply, borrowing, swapping, and staking, complemented by features like liquidity mining, flash loans, and margin trading.

Yield-seeking users have contributed $44.96 billion to the protocol's TVL, with the remainder allocated to loans and on-chain activities. Beyond asset accumulation, AAVE has demonstrated a sustainable revenue model, generating $605 million in fees and $105 million in net proceeds over the past year.