Aave Outperforms DeFi Sector with 52% TVL Surge in Q2

DeFi News
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AAVE-1.35%

Top lending protocol Aave has outpaced broader decentralized finance (DeFi) growth over the past three months, gaining market share as capital continues to flow into major protocols.

The decentralized lending protocol’s total value locked (TVL) rose to over $25.4 billion by the end of Q2, up over 52% from $16.7 billion in April, according to data from DeFiLlama. In comparison, total DeFi TVL grew 26%, from $92 billion to $116 billion, in the same period.

Aave’s share of the DeFi lending market also has grown to 48%, leading the sector, which has surpassed $58 billion in TVL. Moreover, with $28 billion in TVL, Aave accounts for nearly 23% of TVL across all of DeFi, the largest of any protocol.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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