According to TokenTerminal data, Aave and Lido's net deposits in December exceeded 70 billion USD for the first time. As of the time of writing, the two largest DeFi protocols hold a total of 67.42 billion USD in deposits. Aave leads with 34.3 billion USD in deposits, just 1.1 billion USD ahead of Lido. The two together account for 45.5% of the total deposits of the 20 largest DeFi applications (148 billion USD).
However, in terms of TVL, Lido leads with 33.8 billion USD, followed by Aave in second place with 20.6 billion USD. Net deposits represent the total amount deposited in DeFi protocols, excluding fees and synthetic tokens, while TVL is the total amount allocated to all assets.

Additionally, Lido and Aave are among the highest-earning DeFi applications. In the past 30 days, Aave's revenue grew by 27.5% to 12.5 million USD, making it the tenth largest protocol.
Meanwhile, Lido's monthly revenue is 9.6 million USD, with a growth rate of 24%, firmly holding the position of the twelfth largest DeFi application by revenue. (CryptoSlate)