AAVE TVL達到了創紀錄的403億美元，這表明以太坊的Defi生態系統的實力是機構和零售利息，驅動了2025年前所未有的增長。

新的一周，新的歷史最高。 AAVE TVL達到創紀錄的403億美元，在以太坊的defi生態系統中發出了信號

Aave TVL Doubles to Record High of $40.3 Billion, Signaling Renewed Strength in Ethereum's DeFi Ecosystem

AAVE TVL的唱片可達到403億美元的高高，並在以太坊的Defi生態系統中提高了力量

Aave, the leading decentralized finance (DeFi) lending protocol on Ethereum, has reached a new all-time high total value locked (TVL) of $40.3 billion, according to DefiLlama data. This marks a significant recovery from its year-to-date low of $20 billion.

根據Defillama的數據，艾夫（Ethereum）領先的分散財務（DEFI）貸款協議已達到了新歷史上的高度鎖定（TVL）403億美元的新型總價值鎖定（TVL）。這標誌著其年初至200億美元的重大恢復。

Top DeFi Protocols by TVL

TVL的頂級規程

As of May 12, 2025, Aave is the largest DeFi protocol, with $40.3 billion in TVL, followed by Lido DAO at $33.8 billion and Frax at $24.76 billion.

截至2025年5月12日，AAVE是最大的Defi協議，TVL為403億美元，其次是Lido Dao的338億美元，Frax為247.6億美元。

The surge in Aave's TVL highlights the renewed strength of Ethereum's ecosystem, which has been fueled by improved market conditions and the cryptocurrency's price rally from $1,500 to $2,500 in the past month.

AAVE的TVL的激增突出了以太坊生態系統的新實力，這是由於市場狀況的改善和加密貨幣的價格從過去一個月的1,500美元到2500美元所促進。

Aave's outstanding debt has also risen to $10 billion, maintaining a healthy 33% debt-to-TVL ratio, which signifies robust utilization and liquidity. The protocol's daily fees have reached $1 million, and its lending markets across Ethereum and Layer 2 solutions, such as Arbitrum and Optimism, have attracted $500 million in collateral netflows in a single week.

Aave的未償債務也已上升至100億美元，維持健康的33％的債務與TVL比率，這意味著強大的利用率和流動性。該協議的每日費用已達到100萬美元，其跨以太坊和第2層解決方案（例如仲裁和樂觀）的貸款市場在一個星期內吸引了5億美元的抵押品。

Moreover, the integration of Chainlink's SVR, which covers 27% of Aave's TVL, enhances security and scalability, further boosting investor trust in the protocol.

此外，覆蓋AAVE TVL的27％的Chainlink的SVR的集成增強了安全性和可擴展性，進一步增強了投資者對協議的信任。

Ethereum's DeFi Strength Persists Despite Competition

儘管競爭競爭，以太坊的防禦力量仍然存在

Ethereum remains the dominant blockchain for DeFi, with a total TVL of $77.15 billion, covering 51.24% of the sector, despite fierce competition from Solana and L2 solutions like Arbitrum and Optimism.

以太坊仍然是DEFI的主要區塊鏈，儘管Solana和L2解決方案（如仲裁和樂觀）的激烈競爭，但佔該行業的51.24％的TVL總數為771.5億美元，佔該行業的51.24％。

Solana's DeFi ecosystem, featuring projects like Raydium and Jupiter, is excelling in high-frequency trading and memecoin surges, with over 400 DeFi and NFT projects and $1.8 billion in Raydium's TVL alone. Solana's Proof-of-History (PoH) and low-cost transactions, at $0.00025 per transaction, attract developers for scalable dApps, particularly in gaming and memecoins. However, Solana's 2,000 validators raise centralization concerns compared to Ethereum's 800,000+ nodes.

Solana的Defi生態系統以Raydium和Jupiter等項目為特色，在高頻交易和Memecoin Surges方面非常出色，僅在Raydium的TVL中，有超過400個Defi和NFT項目，而18億美元。 Solana的歷史證明（POH）和低成本交易，每筆交易$ 0.00025，吸引開發人員的可擴展性DAPP，尤其是在遊戲和模因中。但是，與以太坊的800,000多個節點相比，Solana的2,000個驗證者提出了集中化問題。

L2 solutions like Arbitrum, boasting stablecoin volume of $8 billion, and Optimism are challenging Ethereum's mainnet by offering faster and cheaper transactions, diverting some liquidity. However, Ethereum's first-mover advantage, mature developer community, and upcoming Pectra upgrade ensure its enduring dominance in the DeFi sector.

L2解決方案，如仲裁，擁有80億美元的Stablecoin量以及樂觀情緒，通過提供更快，更便宜的交易來挑戰以太坊的主網，從而轉移了一些流動性。但是，以太坊的第一步優勢，成熟的開發人員社區以及即將到來的Pectra升級確保其在違規行業中的持久優勢。

Aave's cross-chain strategy counters Solana's speed advantage, while its innovative features, such as permissioned RWA collateral and the GHO stablecoin, bridge traditional finance and DeFi, attracting institutional interest and diverse use cases. This cross-chain expansion and integration of advanced technologies are pivotal in sustaining Aave's position as a leading DeFi protocol.

AAVE的跨鏈戰略反駁了Solana的速度優勢，而其創新功能（例如允許RWA抵押品和GHO Stablecoin），橋樑傳統財務和DEFI，吸引了機構的興趣和多樣化的用例。這種跨鏈擴展和高級技術的集成在維持AAVE作為領先的DEFI方案的位置方面至關重要。