Aave and Lido’s cumulative net deposits once exceeded $70 billion

According to data from TokenTerminal, the net deposits of Aave and Lido exceeded $70 billion for the first time in December. As of the time of writing, the two largest DeFi protocols hold $67.42 billion in deposits. Aave leads with $34.3 billion in deposits, only $1.1 billion more than Lido. The two account for 45.5% of the total deposits ($148 billion) of the top 20 DeFi applications. However, in terms of TVL, Lido leads with $33.8 billion, while Aave is second with $20.6 billion. Net deposits represent the total amount deposited into DeFi protocols, excluding fees and synthetic tokens, while TVL is the total amount allocated to all assets. In addition, Lido and Aave are among the highest-earning DeFi applications. Over the past 30 days, Aave's revenue grew by 27.5% to $12.5 million, making it the 10th largest protocol. Meanwhile, Lido's monthly revenue is $9.6 million, growing by 24%, making it the 12th largest DeFi application by revenue.