Crypto
Aave Surpasses $1 Trillion in Cumulative Lending Volume Amid Market Volatility
Aave achieved a remarkable milestone on February 25, 2026, surpassing $1 trillion in cumulative lending volume. This achievement was announced by founder Stani Kulechov and widely reported by major crypto outlets.
Total value locked (TVL) in Aave's protocol initially reached an all-time high of $45.81 billion on October 7, 2025, but then fell to a low of $11.86 billion on June 7, representing a 74% drawdown before recovering to $17.69 billion as of the latest data.
Aave V3 currently holds 96.6% of total protocol TVL across 21 chains, with Ethereum anchoring $14.27 billion. The protocol's utilization stands at 74.82%, and monthly fees have exceeded $83 million as of early 2026 reporting periods.