Aave Tops $14 Billion in Crypto Lending as DeFi Continues to Grow

Crypto lending remains a significant part of decentralized finance (DeFi) in 2026, allowing investors to earn interest on digital assets or borrow against their holdings without selling them. DeFi currently holds approximately $75.2 billion in total value locked (TVL), with lending representing one of its largest segments.

Aave is the largest DeFi lending protocol, with around $14.37 billion in TVL, $25.59 billion supplied, and $11.21 billion in active loans across 23 chains. The protocol generated approximately $29.06 million in fees over the past 30 days.

Morpho has grown into Aave's closest major competitor, with around $7.85 billion TVL, $12.23 billion supplied, and $4.38 billion in active loans. Over the last thirty days, protocol fees reached approximately $20.72 million.