AAVE and Lido Surpass $70 Billion in Net Deposits

According to data from TokenTerminal, the two largest DeFi protocols, Aave and Lido, have for the first time surpassed the $70 Bit net deposit mark in December. As of the time of writing, the total net deposits of these two protocols have reached $67.42 Bit. Among them, Aave is leading with $34.3 Bit in deposits, only $1.1 Bit higher than Lido. The net deposits in Aave and Lido account for about 45.5% of the total $148 Bit allocated to the 20 largest DeFi applications. However, in terms of Total Value Locked (TVL), Lido is leading the DeFi ecosystem with $33.8 Bit, while Aave is in second place with $20.6 Bit. Net deposits reflect the total amount deposited in DeFi protocols, excluding fees or synthetic tokens, while TVL calculates the total assets allocated across all asset types. Furthermore, both Lido and Aave are among the DeFi applications that generate the highest revenue. Over the past 30 days, Aave's revenue has grown by 27.5%, reaching $12.5 million, rising to the 10th largest protocol by revenue. Meanwhile, Lido recorded a monthly revenue of $9.6 million, with a growth rate of 24%, maintaining its position as the 12th largest DeFi application by revenue. The DeFi ecosystem has recorded strong growth in 2024. The total TVL of the industry has grown by 107%, reaching $185 Bit at the time of writing and peaking at $212 Bit on December 16th. This is the first time the TVL of DeFi has surpassed the $200 Bit threshold. Other data also show a strong recovery of the market. The trading volume of decentralized exchanges has reached record levels in daily, weekly, and monthly timeframes. Data from defillama shows these protocols recorded a trading volume of nearly $380 Bit in November. Furthermore, the ratio of trading between decentralized and centralized exchanges has reached 13.9% in October, the second-highest level in history. The DeFi lending market has also continued to grow strongly, with outstanding loans reaching a peak of nearly $21 Bit this month, the highest level of the month. This trend indicates that users are becoming increasingly confident in using on-chain financial services. Additionally, the increase in outstanding loans has also driven the development of the stablecoin market, currently valued at $210 Bit, according to Coingecko. Users continue to use cryptocurrencies as collateral to borrow stablecoins, thereby increasing the liquidity of their asset portfolios and increasing their exposure to cryptocurrencies. Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do their own research before making any decisions. We are not responsible for your investment decisions. Join Telegram: https://t.me/tapchibitcoinvn Twitter (X): https://twitter.com/tapchibtc_io Tiktok: https://www.tiktok.com/@tapchibitcoin Itadori According to Cryptoslate