**Starknet Lending Protocol Vesu Reaches $10M TVL Milestone**

Vesu, a decentralized lending protocol on Starknet, has achieved a significant milestone by reaching a total value locked (TVL) of $10 million as of September 19. According to DefiLlama, the platform's TVL currently stands at $10.8 million.

Launched in mid-July, Vesu has rapidly ascended to become the fourth-largest DeFi application on Starknet. It has seen a remarkable growth of over 90% in the past month, outperforming other top dapps on the network.

The protocol's primary markets include Ethereum (ETH), Starknet (STRK), and USDC, with Ethereum accounting for over two-thirds of total deposits. STRK and USDC follow with 25% and 5% shares, respectively.

On August 30, Vesu experienced record daily inflows, with nearly $2 million worth of tokens deposited. Lenders targeting Ethereum and Starknet can expect an annual percentage yield (APY) of 9%, while USDC holders may see returns exceeding 11%.

USDC is the most borrowed token on the platform, representing over 80% of total borrows with $2.3 million. The total borrowed funds have reached a record $2.75 million.

Vesu's growth has contributed to Starknet's overall recovery, with the total value of tokens deposited in Starknet-based DeFi apps reaching $256 million, the highest in over a month. Starknet, an Ethereum layer 2 scaling solution using zero-knowledge rollups, saw a surge in DeFi activity earlier this year following the Dencun upgrade.