$AAVE active loans hit record $30.5B, commanding 65% of DeFi lending market.
Aave reached $30.5 billion in active loans on Sept. 18, representing 65% of the $46.72 billion in total active loans across decentralized protocols.
Data from Token Terminal shows that the lending protocol maintains a comfortable lead over competitors. Its nearest rival, Morpho, holds less than $5 billion in active loans.
Aave also commands a total value locked (TVL) of $42 billion, making it the largest DeFi protocol by TVL, based on DefiLlama data.
The deposit figures would position Aave as the 53rd largest US commercial bank if it operated under traditional banking structures, placing it among the top 2.5% of US commercial banks based on June 30 regulatory data.
