Aave and Lido’s total net deposits exceeded $70 billion for the first time, accounting for 45.5% of the total deposits of the top 20 DeFi applications
According to TokenTerminal data, the net deposit total of lending protocol Aave and liquidity staking protocol Lido exceeded $70 billion for the first time in December (currently falling to $67.37 billion). Aave ranks first with $34.3 billion, followed closely by Lido with $33.1 billion. The two protocols together account for 45.5% of the total deposits of the top 20 DeFi applications.
In terms of total value locked (TVL), Lido leads the DeFi ecosystem with $33.8 billion, while Aave ranks second with $20.6 billion. In the past 30 days, Aave's revenue has grown by 27.5% to $12.5 million, and Lido's revenue has grown by 24% to $9.6 million. The total TVL of DeFi has grown by 107% to $185 billion by 2024, and on December 16, it exceeded $212 billion at one point.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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