Aave's total lock-up position skyrocketed to 41.1 billion USD, nearing the scale of the 54th largest bank in the United States.

Decentralization lending giant Aave sets a new historical high! On August 24, its Total Value Locked (TVL) surpassed $41.1 billion for the first time, equivalent to the deposit size of the 54th largest commercial bank in the United States, with just a $300 million gap from the 53rd Bank OZK. This achievement makes Aave a "decentralized version" of the top 2.5% largest banks in the U.S.

Aave's scale has reached that of a medium-sized American bank

According to the Federal Reserve's data as of June 30:

Aave TVL: 41.1 billion USD

Comparison of Bank Rankings in the United States: Surpassing Prosperity Bank with $38.4 billion in deposits, second only to Bank OZK ($41.4 billion)

Total number of banks in the United States: 2,156, Aave's scale is sufficient to rank in the top 2.5%.

If the 28.9 billion USD in outstanding loans from Aave is included in the total, the overall scale will reach 71.1 billion USD, making it the 37th largest commercial bank in the United States.

Aave founder Stani Kulechov stated on X (formerly Twitter): "The Aave protocol is like the 37th largest bank, except it’s not a bank, but a network that any financial institution can connect to, unlocking yields unrelated to the Federal Reserve."

The Absolute Ruler of the DeFi Lending Market

As of August 24, Aave controlled about 50% of the Total Value Locked in the DeFi lending market:

DeFi lending Total Value Locked: 81.5 billion USD

Aave Market Share: 50% (almost equal to the total of all other money markets)

Competitor Comparison: Aave's scale is 6 times that of the second place Morpho (7 billion USD).

Aave has set multiple records

Aave continuously refreshed multiple historical data in August:

August 15: Cumulative deposits exceed 3 trillion USD

August 13: Active Loan Amount Reached $29.1 Billion (Historic High)

AAVE token also strengthens with the fundamentals:

April 8 low: $114.05

Current Price: 316.74 USD (up over 177%)

Institution Adopts Accelerated Aave Expansion

Aave's rapid growth cannot be separated from the influx of institutional funds:

BTCS (Nasdaq listed company): Creating yield for ETH holders using Aave

Ethena USDe stablecoin: $6.4 billion worth of USDe and related assets are held in Aave.

Institutional-grade infrastructure: Aave has become one of the preferred platforms for traditional financial institutions to integrate DeFi lending services.

Conclusion

Aave not only maintains its dominant position in the DeFi lending market, but its $41.1 billion Total Value Locked (TVL) is comparable to that of a medium-sized bank in the United States, and when accounting for loans, it can even rank among the top 40 banks in the U.S. As institutional adoption continues to rise, Aave is gradually becoming a key bridge connecting traditional finance and Decentralization.