DeFi's Big Return: TVL Crosses $100B With Aave and Lido Dominating the Pack

Recent figures show that the total value locked (TVL) in decentralized finance (DeFi) has once again crossed the $100 billion threshold, a level last seen in the final week of March.

Data from defillama.com at the time of writing shows that the current TVL in DeFi is $100.607 billion. The last time TVL reached this height was on March 27, 2025, about 30 days ago. In the intervening period, TVL dropped to a low point of $84.87 billion on April 9.

Over the past month, Aave was the only protocol among the top six to post gains. The seventh and eighth largest DeFi apps, Babylon and Spark, also saw increases, with Spark surging by 96.92% since March 27. Babylon, meanwhile, grew by a more modest 1.85% over the 30-day period.

In comparison, Uniswap and Binance’s Staked Ether platform saw decreases, ranging from 2.02% to 4.68%, respectively.

Aave currently holds the top position in TVL size, with $19.75 billion today, which represents 19.63% of the total locked in DeFi. Following closely is Lido with $17.033 billion, as the liquid staking ether platform comprises 16.93% of the TVL today. Together, Aave and Lido account for 36.56% of DeFi’s $100.607 billion total.

Roughly 51.24% of the collective value, or $51.384 billion, is placed on the Ethereum blockchain. Solana’s share now stands at 8.06% or $8.046 billion, while the Binance Smart Chain has $5.88 billion, or 5.86%. Bitcoin DeFi is the fourth-largest chain, holding 5.65% of the TVL, or $5.656 billion. Meanwhile, Tron has the fifth-largest share with 5.12% or $5.13 billion.

In total, Ethereum, Solana, Binance Smart Chain, Bitcoin, and Tron make up 75.93% of the cumulative DeFi TVL.

This revival suggests a return of trust in DeFi’s core protocols, especially staking and lending platforms, which are driving the accumulation trend. As liquid staking and lending frameworks become more stable, the increasing dispersion across various blockchains indicates a broader interest in multi-chain participation.

The steady recovery following April’s decline highlights DeFi’s resilience and indicates a phase of expansion across multiple networks. However, according to Google Trends data over the past 12 months, even as the total value locked (TVL) in DeFi has increased, public interest has reached levels last seen in December 2024.

Current Google Trends figures show that the search term “DeFi” has a score of 63 out of a possible 100. Today, the top five regions showing the most interest in DeFi are Mauritius, Burkina Faso, St. Helena, Haiti, and France. Meanwhile, the term “Aave” is one of the most prominent related topics linked to the “DeFi” search query.