Aave and Lido have set a remarkable milestone, with their combined net deposits surpassing $70 billion as of December 2024. Aave leads the pack with $35.3 billion in net deposits, while Lido closely follows with $33.8 billion.
This achievement cements their dominance in the DeFi ecosystem, where they account for nearly 50% of the net deposits among the top 20 decentralized applications. Their total value locked (TVL) further underscores their strength, with $AAVE at $36.9 billion and $LDO at $33.7 billion.
The DeFi sector is also witnessing a significant rise in protocol revenue and fees. Monthly revenue has climbed to $219 million, marking a 128% increase since October. Aave and Lido remain top performers, with Aave’s revenue growing to $12.5 million and Lido’s to $9.6 million.
What do you think of Aave and Lido's growth? Can they sustain this momentum, or will new competitors challenge their lead?