According to Aave’s official announcement, the protocol has processed more lending volume than any other DeFi platform, marking a historic milestone for decentralized finance adoption worldwide.
Aave has officially announced surpassing $1 trillion in cumulative lending volume, a first in decentralized finance history. Founded in 2017 as ETHLend and rebranded in 2018, the protocol now secures over $27 billion in user funds and generated $83 million in fees over the past 30 days, significantly outpacing competitors like Morpho, JustLend, SparkLend, Maple, and Compound Finance. Founder Stani Kulechov aims to make Aave the largest liquidity network globally, bridging traditional finance and DeFi. Notably, Aave Horizon, launched in August 2025, allows established institutions including VanEck, WisdomTree, and Securitize to borrow stablecoins using real-world assets as collateral.