{"id":129101,"date":"2025-05-12T23:19:55","date_gmt":"2025-05-12T23:19:55","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129101"},"modified":"2025-05-12T23:19:55","modified_gmt":"2025-05-12T23:19:55","slug":"defi-lender-aave-reaches-40b-in-value-locked-onchain","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129101","title":{"rendered":"DeFi lender Aave reaches $40B in value locked onchain"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsAave, a decentralized finance (DeFi) protocol, has reached a new record of funds\u00a0onchain, according to data from DefiLlama.<br \/>\nIn an X post, Aave said it topped $40.3 billion in total value locked (TVL) on May 12. Onchain data reveals that Aave v3, the latest version of the protocol, has approximately $40 billion in TVL.<br \/>\nAave is a DeFi lending protocol that lets users borrow cryptocurrency by depositing other types of cryptocurrency as collateral. Meanwhile, lenders earn yield from borrowers.\u00a0<br \/>\n\u201cWith these milestones, Aave is proving its dominance in the Lending Space,\u201d DeFi analyst Jonaso said in a May 12 X post. TVL represents the total value of cryptocurrency deposited into a protocol\u2019s smart contracts.\u00a0<br \/>\nAave v3\u2019s TVL over time. Source: DeFiLlamaRelated: AAVE soars 13% as buyback proposal passes among tokenholders<br \/>\nBreaking all-time highs<br \/>\nIn December, Aave achieved an all-time high TVL largely because the price of Ether (ETH) rose roughly 60% from the prior month. Ether and its staking derivatives make up nearly half of Aave\u2019s TVL, according to data from DefiLlama.\u00a0<br \/>\nThis time around, Aave\u2019s all-time high TVL is also driven by inflows of deposits by users.\u00a0<br \/>\nIn Ether-denominated terms, Aave\u2019s TVL rose from around 6 million ETH at the start of 2025 to nearly 10 million ETH on May 12. Measuring TVL in ETH accounts for the impact of fluctuating cryptocurrency prices.<br \/>\nAave says its net deposits broke $40 billion this week. Source: AaveBefore US President Donald Trump prevailed in the November election, Ether traded at less than $2,500. It peaked at almost $4,000 the following month, according to data from Google Finance.\u00a0<br \/>\nIn the past month, Ether has also clocked substantial gains, rising from around $1,500 per Ether 30 days ago to roughly $2,500 as of May 12, according to data from Google Finance.\u00a0<br \/>\nThe price of Aave\u2019s native AAVE (AAVE) token has risen approximately 25% in the past seven days, reflecting a buoyant crypto market and ongoing TVL inflows, according to data from CoinMarketCap.<br \/>\nMagazine:\u00a0Adam Back says Bitcoin price cycle \u201910x bigger\u2019 but will still decisively break above $100K<a href=\"https:\/\/cointelegraph.com\/news\/de-fi-lender-aave-breaks-all-time-high-tvl?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsAave, a decentralized finance (DeFi) protocol, has reached a new record of funds\u00a0onchain, according to data from DefiLlama. In an X post, Aave said it topped $40.3 billion&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129101"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129101"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129101\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129101"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}