the CEOs of Abra and Arch, who are active in the cryptocurrency lending field, have stated that while CeFi lending is decreasing, DeFi lending is increasing rapidly. Thanks to the promotion of protocols such as Aave v3 and Spark v1, the TVL (total value locked) of lending protocols has reached a new high.
Aave v3: Between November 5th and December 5th, the TVL of Aave v3 increased from $16.5 billion to $27 billion, making it the leader in the recovery. Its success is due to characteristics such as cross-chain functionality and improved capital efficiency, making it the dominant player in the DeFi lending field.
Spark v1: This protocol has also seen significant growth, with its TVL increasing from $4.5 billion to $8 billion during the same period, almost doubling.
