📝 Editor’s Note:
Welcome to OurNetwork's latest, an onchain look at some of crypto's top lending protocols. Below we have Chaos Labs digging into Aave, DeFi's largest protocol by total value locked. Integrations with Ethena and Pendle have been particularly instrumental in Aave's recent growth.
We also have Seoul Data Labs, checking out Spark, a spinoff from MakerDAO which has entered the top 10 DeFi protocols by TVL. Miguel dropped in to cover Euler's growth story and Ayham chronicled Silo's recent rise on the Sonic blockchain.
– ON Editorial Team
ON–361: Lending Part 1 🏦
Aave | Spark | Euler | Silo
Aave 👻
👥 Chaos Labs | Website | Dashboard
📈 Aave TVL Grew 82% Over the Last 3 Months, Driven by Inflows to Its Growing Network Deployments
Aave is a decentralized, non-custodial protocol that enables users to lend and borrow crypto assets permissionlessly. Aave has over $58B in TVL across Ethereum, Arbitrum, Optimism, Polygon, Avalanche, and Base deployments. Ethereum remains the dominant network for Aave, adding over $24B in TVL and accounting for over 85% of all growth during this period. Base nearly doubled its TVL with a 93% increase, marking the most substantial growth among Layer 2s.
