Once again, the DeFi ecosystem shows clear signs of expansion: the Aave protocol has reached a Total Value Locked (TVL) of $30 billion. This indicator reflects the total amount of tokens deposited on the platform, evidencing the growing trust and use of the protocol.
At the time of writing this note, Aave generates revenue from fees that reach $1 million daily, evidencing the increasing activity and interest of users in the platform. This surge coincides with a significant reduction in Ethereum's gas fees following its 'PECTRA' update, which resolved scalability issues, improving the experience for users of DeFi protocols like Aave.
As Aave's TVL reaches $30 billion, the ecosystem grows.
Currently, Aave's TVL is 50% higher than its lowest point of the year, which was $20 billion. This positions it as the leading lending protocol within the Ethereum network. However, Aave is not limited to Ethereum alone: it is also present on other networks such as Polygon, Avalanche, Arbitrum, and Optimism, allowing it to expand its reach within the DeFi ecosystem.
Total Value Locked of Aave – Daily Frequency.
The stability in Ethereum's price and the improvement in the scalability of its transactions have become key incentives for users. These conditions allow previously inactive funds within the protocol to be redirected towards new yield generation strategies. The renewed interest in these dynamics suggests the beginning of a new growth phase for the DeFi ecosystem.
Both the stability of Ethereum and its current capacity to process transactions efficiently are fundamental pillars for the development of the DeFi sector. In this context, it is important to observe Aave's active debt in relation to its TVL. Currently, the debt reaches $10 billion, implying a debt/TVL ratio of 33%.
This level of ratio reflects a balanced ecosystem, with attractive yields and solid liquidity reserves. The constant growth in protocol activity and debt volume points to sustainable development, both for Aave and for the entire DeFi market.
