🔵 Aave – “Ethereum of DeFi Lending”: TVL $30–40 billion, Quarterly Revenue & Roadmap V4
(Data updated until 07/2025 and is only basic information about the project to facilitate basic evaluation – Not investment advice)
1/ 🌍 Overview & Influence
- @Aavegotchi is the leading decentralized lending & borrowing protocol (currently top 1), currently supports 12+ chains (Ethereum, Arbitrum, Base, Avalanche…). In Q1/2025, TVL is expected to surge from ~$20 billion to ~$30–40 billion, accounting for ~28% of the global DeFi market share. Over 500k users on Base, and over $1 billion in Aave capital connected across major chains.
2/ 🗓️ Key Milestones 06/2024–07/2025
- Q1/2025: TVL increases >50% since the beginning of the year, reaching ~$40.3 billion; deploying V3.4 (multi-call, Position Manager).
- Q2/2025: V4 architecture “Hub & Spoke” launches, supporting credit lines & GHO integration on Avalanche & Aptos; DAO automates governance with AGRS.
- GHO stablecoin: has minted > $1.5 billion, integrating Chainlink CCIP, receiving support from the Ethereum Foundation.
3/ 💸 Quarterly Revenue
- Q1/2025:
Lending activity ~$12.87 billion, generating ~$183.62 million in annual interest fees; DAO records ~$27.64 million in revenue (~15%).
- @DefiLlama records 30-day revenue of ~$6.95 million, equivalent to ~$20.85 million/quarter; annualized revenue ~$84.8 million.
The DAO uses the “excess revenue” (~$1 million/week) to buy back AAVE and pay rewards to holders.
4/ 💰 Tokenomics
- currently has a market cap of ~$4.15 billion with the current price of ~$273. ATH is $661.69, ATL is $26.02. From ATH to ATL, it decreased nearly 25×, and the current price is down ~59% from the peak while still being about ~10.5× ATL.
(Compared to other DeFi tokens, this one is not a shitcoin; it leads the lending sector, offers high and consistent profits, and has stronger price support than others.)
5/ 🛠️ Technology & Dev
- V4 Hub‑&‑Spoke supports credit lines between chains.
Automated risk management through AGRS.
- Expanding GHO functionality and multi-chain deployment (@avax, @Aptos).
- Active dev activity, deploying many new functions on the Aave DAO protocol.
6/ 🚀 Roadmap & Future Direction
Mid–late 2025:
- Complete deployment of V4 across all chains, credit hubs, and GHO bridge.
- Expand GHO supply through Base, Avalanche, and soon Aptos.
- Add collateral (EURC, BTC-correlated…), integrating Ripple's stablecoin (RLUSD).
From 2026 onwards:
- Continue to push RWA lending, DeFi-as-a-Service for enterprises.
- Strengthen token buyback & revenue-sharing.
7/ ✅ & ⚠️ Opportunities – Challenges
✅ Strong TVL & adoption, stable fee revenue; deflationary tokenomics through buybacks.
✅ V4 technology & GHO multi-chain helps expand the ecosystem.
⚠️ Dependent on DeFi & macro interest rates; must maintain loan growth & TVL.
⚠️ Competition from Compound, Maker, RWA-heavy protocols.
8/ 🧾 Conclusion
Aave continues to assert its leading position in DeFi with a TVL of nearly $40 billion, revenue of ~$80–100 million/year, and a token price 10× higher than the bottom. V4 and GHO are long-term growth drivers. Effectively handling credit hubs and RWA will determine whether Aave continues to dominate.
#Aave #DeFi #Lending #AAVE #GHO #AaveV4 #TVL #Tokenomics #Revenue #LendingHub