Aave V3 Grabs 79% of $873M USDT0 Deposits in DeFi

Aave V3 has emerged as the dominant force in decentralized finance (DeFi), capturing nearly 79% of the $873M USDT0 deposits across various DeFi protocols. This staggering concentration of stablecoin liquidity would be the envy of many traditional banks.

The platform's share of combined USDT and USDT0 total value locked sits at approximately 62.8% of $6.1B across 29 protocols, translating to about $3.83B in stablecoin deposits under its roof.

Aave V3 has seen a significant surge in net USDT deposits over the past three months, jumping by $526 million from January to late July 2026. This push has driven holdings from $1.93B to approximately $3.03B, representing a 57% increase in just under four months.

The high utilization rates on Aave V3 have forced the protocol's community to keep pace with these developments. The governance passed several votes to raise supply caps, including a June 2026 increase that pushed the ceiling to $3.48B.