DeFi Lending Protocol Aave Hits $1 Billion Fee Milestone

Aave, a leading DeFi protocol, achieved a milestone today by exceeding over $1 billion in total fees collected over a period of three years. With this, Aave has surpassed its closest rival, Venus, by more than five times with fees amounting to $1.1 billion dollars and a 55.2% share. 

A post by X user ‘etrouble’ noted that Aave was first among top fees-generating protocols with $1.1 billion, followed by Venus with $215.8 million, Morpho with $200.8 million, and Compound with $ 162.2 million. 

Moreover, Aave achieved a 100% growth rate in fees over the past 90 days and held about 65% of the active loan volume. 

The protocol’s growth indicates growing adoption and institutional interest. The surge also highlights increasing demand for decentralized lending services and the broader expansion of the DeFi ecosystem.  

With DeFi market maturation, Aave could also attract more institutional users in markets like the U.S. where demand for yield on digital assets remains high.

Also Read: Aave Labs Launches Horizon Platform for RWA-Backed Stablecoins