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Aave Becomes First DeFi Lender to Top $1 Trillion in On‑Chain Loans

Tokenholders are weighing Aave Labs' request for up to $42.5 million plus 75,000 AAVE during a period of record on‑chain activity.

Overview

  • The protocol secures roughly $27.2 billion in total value locked across multiple blockchains, accounting for about 28% of DeFi by TVL.
  • Aave generated about $83.3 million in fees over the past 30 days, nearly four times the take of closest lending rival Morpho.
  • Aave Horizon targets institutions that borrow stablecoins against tokenized real‑world assets, with early participants including VanEck, WisdomTree, and Securitize.
  • Aave DAO is evaluating an Aave Labs funding package of up to $42.5 million in stablecoins plus 75,000 AAVE, with debate intensifying as contributors discuss the V3 to V4 path and BGD Labs pauses work.
  • The AAVE token trades near multi‑year lows around $117–$122 despite the protocol’s leading scale and fee generation.