AAVE, a decentralized financial protocol (DEFI), has reached a new record of onchain funds, according to data from Defillama.
To an x PostAAVE said that led to $ 40.3 billion in total amount locked (TVL) on May 12. Onchain data stated AAVE V3, the latest version of the protocol, has approximately $ 40 billion on TVL.
AAVE is a defi lending protocol that gives users to borrow cryptocurrency by depositing other types of cryptocurrency as collateral. Meanwhile, lenders earn produce from lenders.
“In these milestones, AAVE proves its dominance in the lending space,” Defi Analyst Jonaso said on a May 12 X X Post. TVL represents the total amount of cryptocurrency deposited in the intelligent contracts of a protocol.
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Breaking all-time highs
In December, AAVE achieved a full time high tvl because the price of ether (Eth) Rose almost 60% from last month. The Ether and its staking derivatives make up almost half of Aave’s TVL, according to Data From Defillrama.
At this time, AAVE’s all-time high TVL is also driven by the influx of users’ deposits.
In terms of ether denomination, AAVE TVL rose from nearly 6 million ETHs at the start of 2025 to nearly 10 million ETH on May 12. TVL measurement on ETH accounts for the impact of fluctuations of cryptocurrency prices.
Before US president Donald Trump prevailed in the November election, Ether exchanged less than $ 2,500. It peeked nearly $ 4,000 next month, according to data from Google Finance.
Last month, Ether also clocked a huge acquisition, rising from around $ 1,500 per Ether 30 days ago to nearly $ 2,500 to May 12, according to data from Google Finance.
AAVE’s native aave price (Ghost) The token has risen by approximately 25% in the past seven days, reflecting a beautiful crypto market and TVL continues to flow, according to Data From CoinMarketCap.
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