The Next Wave of DeFi Recovery? Decentralized Lending Protocol Aave's Net Deposits Exceed $50 Billion

July 14th News, according to The Block, the decentralized lending protocol Aave's net deposits have exceeded $50 billion, becoming the first DeFi project to achieve this milestone. This data takes into account the total collateralized assets minus outstanding loans across 34 chains. Its founder claims that traditional financial institutions are increasingly adopting the protocol as a lending infrastructure. This breakthrough coincides with the overall recovery of DeFi. Data shows that the total value locked (TVL) in the DeFi industry is approaching $120 billion for the first time since December 2024, with Ethereum-based lending dominating, locking in over $63 billion in value. DefiLlama data shows that Aave's lock-up volume reaches $29 billion, accounting for almost half of that amount. It is reported that Aave's governance community is supporting a number of upgrade plans, including "Aave V4," which aims to introduce account abstraction and native real-world asset vaults. Related proposals also include supporting Bitcoin Layer 2 network assets and expanding Aave's stablecoin GHO to more blocks. $AAVE