The total value locked (TVL) in Aave has grown to approximately $3 billion, representing a 50% increase compared to last year, strengthening its position as a leading lending protocol on Ethereum and becoming the second-largest decentralized application by TVL. This reflects optimistic sentiment among users toward reusing inactive assets for yield strategies, indicating that a new wave of expansion in the DeFi ecosystem may have begun, with Aave at the forefront. Meanwhile, Aave's outstanding debt roughly corresponds to its total locked value, suggesting that it maintains highly attractive lending yields while keeping a liquidity buffer.
