In accordance with Token Terminal, Aave and Lido have collectively surpassed $70 billion in web deposits for the primary time in historical past. Aave leads the way in which with $34.3 billion, barely greater than Lido Finance with $33.4 billion. The 2 protocols collectively account for 75.25% of the $89.52 billion allotted to the highest 5 decentralized apps, the very best ever as of December 2024.
The 2 initiatives collectively account for 45.5% of the overall funds allotted to the highest 20 DeFi apps, accounting for $67.42 billion of the $148 billion in whole web deposits within the sector. LDO leads the way in which in whole worth at $33.8 billion, adopted by AAVE at $20.6 billion. General, the DeFi sector has seen progress, with TVL rising 107% this yr, peaking at $212 billion on December 16, marking the primary time its worth has surpassed $200 billion.
The income dynamics additionally exhibit the ability of those protocols. AAVE has earned $12.5 million over the previous 30 days, up 27.5%, whereas LDO has reached $9.6 million, due to a 24% enhance on the platform. Along with deposits, the DeFi ecosystem has additionally seen document buying and selling volumes on decentralized exchanges, with quantity reaching almost $380 billion in November, in accordance with TheBlock. The DeFi lending market has additionally seen important progress, with present loans reaching $21 billion in December.
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