Aave Set to Redefine DeFi Landscape with $30 Billion in Active Loans Translation: Aave Set to Redefine DeFi Landscape with $30 Billion in Active Loans

The total value of active borrowings on the lending DeFi protocol Aave has reached $30.2 billion.

The project leads the market segment with a share of approximately 65%. The second-ranked contender, Morpho, has a borrowing volume of $4.3 billion.

Aave also boasts a record Total Value Locked (TVL) of $42.1 billion, according to DeFi Llama. This places the platform at the forefront of the decentralized finance sector, albeit with a smaller margin: Lido’s volume stands at $38.4 billion, while EigenLayer has $19 billion.

In the past week, Aave has generated $24.7 million in revenue. Its main components include interest payments, fees from flash loans, liquidations, and penalties imposed on borrowers.

Among DeFi protocols, the platform ranks below only decentralized exchanges Pump.Fun ($39.4 million) and Uniswap ($29.2 million) in terms of revenue.

However, all these platforms are considerably outpaced by the issuer of the USDT stablecoin — the company Tether — which has revenues exceeding $152 million.

On September 15, Aave’s developers introduced a roadmap for the deployment of the protocol’s fourth version in the fourth quarter of 2025.

They plan to launch a testnet soon and release the codebase. The updated interface is expected to allow the community and service providers to test the workflows of Aave v4 ahead of its public release.

The upgrade aims to provide a more modular, efficient, and resilient architecture for the protocol, «expanding the space for future innovations.»

It is worth noting that in August, fraudsters targeted Aave users through the Google Ads advertising service.