In December, the net deposit amount on Aave money market and Lido liquid staking protocols exceeded 70 billion dollars for first time. TokenTerminal is a good way to get started.
The two biggest DeFi protocols have a combined total of $67.42billion as at the press time.
Aave leads with $34.3 billion in deposits, just $1.1 billion higher than Lido’s. Net deposits to these two DeFi titans represents 45.5% out of $148 Billion allocated for the 20 biggest decentralized applications.
Aave is second in the DeFi eco-system with $20,6 billion. Lido, however, leads with $33.8 Billion. TVL represents the value of all assets, including fees, and is calculated by subtracting the net deposits.
Lido & Aave also rank amongst the highest revenue-generating DeFi applications. Over the past 30 days, Aave’s revenue grew 27.5% to $12.5 million, making it the 10th largest protocol.
Lido has also registered a monthly revenue of $9.6 Million, driven by a 24 percent growth rate. It is now the 12th biggest DeFi application in terms of revenue.
DeFi Resurgence
DeFi has shown a positive performance since 2024. The sector’s total TVL Soaring At press time, the TVL had reached $185 billion and peaked at $212 on 16th December. The TVL is now the first to surpass the threshold of $200 billion.
Other metrics Trading volume on decentralized exchanges has reached record levels in daily, weekly and monthly timeframes. According to DefiLlama’s data, this protocol had a total volume of almost $380 billion during November.
Furthermore, According to Data The Block reports that the decentralized/centralized ratio reached 13.9%, which is the highest level ever.
This month saw the largest monthly lending volume, which was nearly 21 billion dollars. This suggests more people are using the on-chain resources.
As per Artemis, this growth also contributed to the size of the stablecoin markets, which, according to them, is near $200 billion. . Users can borrow stablecoins using their crypto assets as collateral, increasing their exposure to crypto and adding more liquidity.
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