PANews reported on August 26th that according to Cryptoslate, DefiLlama data showed that the total value locked (TVL) of the decentralized lending protocol Aave reached a record high of $41.1 billion on August 24th. Based on Federal Reserve commercial bank deposit data as of June 30th, this size would rank 54th among US commercial banks, surpassing Prosperity Bank, which had $38.4 billion in deposits, and only $300 million away from surpassing Bank OZK. Including the $28.9 billion in outstanding loans on that day, Aave's total size reached $71.1 billion, placing it among the top 37 (top 1.7%) of US commercial banks. Founder Stani Kulechov stated that the protocol is not a bank, but rather an open network accessible to financial institutions, providing a source of revenue unconnected to the Federal Reserve. As of August 24, Aave controls approximately 50% of the total TVL of the DeFi lending market, dominating the lending sector at $81.5 billion, nearly six times that of its largest competitor, Morpho ($7 billion).PANews reported on August 26th that according to Cryptoslate, DefiLlama data showed that the total value locked (TVL) of the decentralized lending protocol Aave reached a record high of $41.1 billion on August 24th. Based on Federal Reserve commercial bank deposit data as of June 30th, this size would rank 54th among US commercial banks, surpassing Prosperity Bank, which had $38.4 billion in deposits, and only $300 million away from surpassing Bank OZK. Including the $28.9 billion in outstanding loans on that day, Aave's total size reached $71.1 billion, placing it among the top 37 (top 1.7%) of US commercial banks. Founder Stani Kulechov stated that the protocol is not a bank, but rather an open network accessible to financial institutions, providing a source of revenue unconnected to the Federal Reserve. As of August 24, Aave controls approximately 50% of the total TVL of the DeFi lending market, dominating the lending sector at $81.5 billion, nearly six times that of its largest competitor, Morpho ($7 billion).
Aave TVL recently hit a record high of $41.1 billion, equivalent to the 54th largest bank in the United States.
PANews reported on August 26th that according to Cryptoslate, DefiLlama data showed that the total value locked (TVL) of the decentralized lending protocol Aave reached a record high of $41.1 billion on August 24th. Based on Federal Reserve commercial bank deposit data as of June 30th, this size would rank 54th among US commercial banks, surpassing Prosperity Bank, which had $38.4 billion in deposits, and only $300 million away from surpassing Bank OZK. Including the $28.9 billion in outstanding loans on that day, Aave's total size reached $71.1 billion, placing it among the top 37 (top 1.7%) of US commercial banks. Founder Stani Kulechov stated that the protocol is not a bank, but rather an open network accessible to financial institutions, providing a source of revenue unconnected to the Federal Reserve.
As of August 24, Aave controls approximately 50% of the total TVL of the DeFi lending market, dominating the lending sector at $81.5 billion, nearly six times that of its largest competitor, Morpho ($7 billion).
Market Opportunity
SIX Price(SIX)
$0.01227
$0.01227$0.01227
USD
SIX (SIX) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
SUI Surges From Consolidation, Buyers Regain Control Above $1.78
SUI had a good start to 2026 after a long consolidation, finally breaking higher above pivotal support. On the 4-hour timeline, the coin transitioned from relative
Share
Tronweekly2026/01/12 18:05
Shibarium releases security incident update: Specific bridge operations have been restricted, limiting the attacker's short-term BONE token staking
PANews reported on September 21st that the Shibarium cross-chain bridge, which connects the Layer 2 network Shibarium and Ethereum, was previously attacked by a flash loan, with approximately $2.4 million in ETH and SHIB stolen. Shibarium has now released a security incident update, stating: 1. Specific bridge operations have been restricted to prevent new unauthorized transactions; 2. Upgrade and restrict potential abuse paths (deposits/withdrawals/claims/rewards) and add targeted defensive controls to prevent abuse of delegated staking; 3. Recover and protect the at-risk BONE held by the staking managers. The attacker’s short-term BONE staking will be effectively restricted by intervention and protocol mechanisms. 4. Rotate validator signers and migrate contract control to multi-party hardware custody; continue the broad migration away from legacy keys; 5. Real-time monitoring of attacker traffic; automatic alerts and reporting to partners and exchanges; 6. Hire independent security researchers, incident response firms, and relevant departments.
Share
PANews2025/09/21 17:26
Trove ICO Rule Changes Allegedly Impact Trader Losses
Allegations of modifications to Trove's ICO rules reportedly influenced significant market reactions, leading to notable trader losses and concerns about fairness
Share
coinlineup2026/01/12 18:44