CandleFocus

Aave and Lido Exceed $70B in Combined Net Deposits, Leading the DeFi Ecosystem

Aave and Lido have achieved a milestone by surpassing $70 billion in net deposits. Aave currently leads with $34.3 billion, closely followed by Lido Finance with $33.4 billion. Together, they account for 75.25% of the total funds allocated to the top five decentralized apps in December 2024. In the top 20 DeFi apps, Aave and Lido hold 45.5% of the funds, making up $67.42 billion of the total net deposits reaching $148 billion. The DeFi sector as a whole has experienced significant growth, with total value locked increasing by 107% year-to-date and peaking at $212 billion on December 16. Aave has generated $12.5 million in revenue in the last month, while Lido has earned $9.6 million. Decentralized exchanges have also seen record trading volumes, with November's volume reaching nearly $380 billion. Furthermore, the DeFi lending market has seen substantial growth, with current loans amounting to $21 billion in December.

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