“The volume of locked assets (TVL) in Defi lending protocols reached a record level of the current market cycle-$ 53.3 billion. This is 43% of the total TVL in the industry ($ 124.6 billion), exceeding the indicators of both decentralized exchanges and sector. Among the protocols is the leader Aave. Data: Defilllama. The leader is Aave of $ 24 billion in locked assets. For comparison: TVL Dex decreased from $ 85.3 billion in November 2021 to $ 21.5 billion as of the middle […]”, – WRITE: Businessua.com.ua
The volume of locked assets (TVL) in Defi lending protocols reached a record level of current market cycle-$ 53.3 billion. This is 43% of the total TVL in the industry ($ 124.6 billion), exceeding the indicators of both decentralized exchanges and liquid stinging sector.
Among the protocols is the leader Aave. Data: Defilllama.
The leader is Aave of $ 24 billion in locked assets.
For comparison, TVL Dex decreased from $ 85.3 billion in November 2021 to $ 21.5 billion as of mid -May 2025.
The founder of Apollo Capital Henrik Anderson explained this dynamics that Landing remains the only stable source of income in the Defi. According to him, liquid pools on DEX lose their attractiveness due to lack of loss and increased competition.
“Uniswap V3 has a capital design that allows you to earn more with smaller investments, but it reduces the total TVL,” Anderson said.
He also added that INTENT-SCVwhere centralized exchanges (CEX) are the source of liquidity, distracts in the Dex segment.
AAVE credit protocols offer annual profitability within 1.86-3.17% for Ethereum and steiblcoin holders. DEX liquidity pools can produce higher income, but it is much more volatile and depends on the daily changes in the market.
By the end of 2024, the share of Defi-loan in the market reached 65%, bypassing centralized platforms. This became possible after bankruptcy of players such as Celsius, Blockfi and others CEFI-Companies -the centralized lending sector decreased by 78% of the peak values of 2022.
According to Galaxy Digital, Defi loans increased by 960% of the end of 2022.
Changing the market share between CEX and DEX protocols of lending in the period from the III quarter of 2018 to IV quarter 2024. Data: Galaxy.
“The next stage of growth will be provided by institutional players and regulatory certainty,” Galaxy analysts predict.
Recall that in the first quarter of 2025 the total TVL defi protocols decreased by 27%, while NFTs fell by 24%. The greatest growth was demonstrated by social applications and platforms based on AI.
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