Aave’s value locked hits $24.4 billion amid DeFi growth

Aave’s (CRYPTO:AAVE) total value locked (TVL) has reached a new all-time high of $24.389 billion, reflecting increased investor confidence in the decentralised finance (DeFi) lending protocol.

This milestone places Aave among the largest DeFi platforms by TVL, with a market capitalisation of $3.335 billion and a fully diluted valuation of $3.53 billion.

Aave’s native token, AAVE, is trading at $222, with a 24-hour volume of $410.28 million.

Currently, approximately $14.865 billion is borrowed on the platform, while $632.96 million worth of AAVE tokens are staked, representing nearly 19% of its market capitalisation.

Annualised protocol fees stand at $342.05 million, with annualised revenue recorded at $44.45 million.

The protocol’s treasury holdings total $86.17 million, supporting ongoing operations.

Aave has raised $48.7 million to date and incurs $18.07 million in annual operational expenses.

The platform’s activity is driven by a combination of institutional and retail participation, coinciding with a broader resurgence in the DeFi sector.

Historical data from Defillama.com highlights key events influencing Aave’s TVL, including Ethereum (CRYPTO:ETH) V2 and Avalanche (CRYPTO:AVAX) rewards launches, the stETH and UST depeg incidents, and incentive programs like Optimism (CRYPTO:OP) rewards.

Aave operates as a noncustodial liquidity protocol, allowing users to lend and borrow crypto assets without intermediaries.

The platform employs overcollateralised loans and supports a diverse range of digital assets across multiple blockchains.

Additional features include flash loans, interest rate switching, and staking-based governance, providing users with flexibility and transparency in decentralised finance activities.

Aave’s recent TVL peak underscores growing interest in DeFi lending solutions amid evolving market dynamics.

At the time of reporting, the Aave (AAVE) price was $221.60.