Долгожданный DeFi-возрождение: эксперты предсказывают рост с глобальным снижением ставок Translation: Long-awaited DeFi revival: experts predict growth with global interest rate cuts

The reduction of interest rates by central banks is set to create favorable conditions for yield growth within the DeFi sector. This was discussed by Stani Kulechov, the founder of the leading lending platform Aave, during the TOKEN2049 event in Singapore.

Kulechov highlighted that every easing of monetary policy from both the Fed and the ECB presents new arbitrage opportunities in DeFi.

Last month, the Fed lowered the interest rate by 25 basis points, bringing it to a range of 4-4.25%. The regulator also indicated plans for two additional cuts by the end of the year.

The Aave founder reminded that the DeFi sector experienced rapid growth in 2020 when the U.S. government eased monetary policy in response to the COVID-19 pandemic. During that time, the total value locked (TVL) in decentralized protocols surged from under $1 billion to $10 billion in just a few months.

According to the Aave founder, the decline in interest rates, combined with the development of DeFi, could drive a new resurgence of interest in decentralized finance.

«We have built a truly robust infrastructure. Now we are moving into a phase where DeFi can integrate into a broader fintech ecosystem, distributing yield,» stated Kulechov.

The expert noted that with the loosening of regulations regarding tokenized assets, their significance for the growth of DeFi will increase.

In 2025, Aave showed remarkable growth: according to the aggregator DeFi Llama, the total TVL of the protocol more than doubled, rising from $21 billion to $44.24 billion.

At the time of publication, Aave ranks 14th among protocols based on generated fee volume.

«Decentralized lending could serve as a bridge between traditional finance and the cryptocurrency market, offering familiar concepts with improved transparency and global accessibility,» highlighted an August report from The Block.

It is worth noting that in September 2025, the volume of active loans on Aave exceeded $30.2 billion.