Overview

• Analytics from DeFiLlama and Token Terminal show $30.5 billion in active loans as of Sept. 18, confirming Aave’s lead in decentralized lending.
• Its nearest rival, Morpho, has less than $5 billion in active loans, underscoring Aave’s roughly 65% market share.
• Total value locked is about $42 billion after record deposits near $73.2 billion on Sept. 15, making Aave the largest DeFi protocol by TVL ahead of Lido.
• The protocol generated roughly $24.6 million in fees over the past seven days, placing it among the top revenue producers in crypto behind major stablecoin issuers.
• Yields such as 5.76% APY for USDC on Base exceed the 0.39% U.S. bank average, as Aave expands distribution with its first non‑EVM deployment on Aptos.