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At the start of the year, lending overtook liquid staking as DeFi’s top category by TVL. The flip came as Lido staked amount in $ declined while Aave grew. A year ago, Lido held 37% vs. Aave’s 24% share within these two categories. Today, Aave leads with 39% and Lido has dropped to 21%, and no other protocol in lending or liquid staking holds more than 10% of TVL. Aave alone now accounts for 22% of all DeFi TVL and 46% of all lending sector TVL.
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