The total value locked (TVL) in DeFi lending protocols has hit an all-time high of $55.69 billion, surpassing previous peaks set in 2021, 2022, and late 2024. Aave v3 led the surge with a 55% increase in just two months. Morpho Blue and Maple Finance also saw strong growth, reaching $3.9 billion and $1.37 billion in TVL respectively — with Maple skyrocketing 417%. Maple gained traction for expanding into undercollateralized real-world asset (RWA) lending. This growth highlights the rise of tokenized finance and traditional capital flowing into DeFi infrastructure.