AAVE TVL达到了创纪录的403亿美元，这表明以太坊的Defi生态系统的实力是机构和零售利息，驱动了2025年前所未有的增长。

新的一周，新的历史最高。 AAVE TVL达到创纪录的403亿美元，在以太坊的defi生态系统中发出了信号

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

AAVE TVL的唱片可达到403亿美元的高高，并在以太坊的Defi生态系统中提高了力量

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.

根据Defillama的数据，艾夫（Ethereum）领先的分散财务（DEFI）贷款协议已达到了新历史上的高度锁定（TVL）403亿美元的新型总价值锁定（TVL）。这标志着其年初至200亿美元的重大恢复。

Top DeFi Protocols by TVL

TVL的顶级规程

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协议，TVL为403亿美元，其次是Lido Dao的338亿美元，Frax为247.6亿美元。

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态系统的新实力，这是由于市场状况的改善和加密货币的价格从过去一个月的1,500美元到2500美元所促进。

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的未偿债务也已上升至100亿美元，维持健康的33％的债务与TVL比率，这意味着强大的利用率和流动性。该协议的每日费用已达到100万美元，其跨以太坊和第2层解决方案（例如仲裁和乐观）的贷款市场在一个星期内吸引了5亿美元的抵押品。

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，覆盖AAVE TVL的27％的Chainlink的SVR的集成增强了安全性和可扩展性，进一步增强了投资者对协议的信任。

Ethereum's DeFi Strength Persists Despite Competition

尽管竞争竞争，以太坊的防御力量仍然存在

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的主要区块链，尽管Solana和L2解决方案（如仲裁和乐观）的激烈竞争，但占该行业的51.24％的TVL总数为771.5亿美元，占该行业的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生态系统以Raydium和Jupiter等项目为特色，在高频交易和Memecoin Surges方面非常出色，仅在Raydium的TVL中，有超过400个Defi和NFT项目，而18亿美元。 Solana的历史证明（POH）和低成本交易，每笔交易$ 0.00025，吸引开发人员的可扩展性DAPP，尤其是在游戏和模因中。但是，与以太坊的800,000多个节点相比，Solana的2,000个验证者提出了集中化问题。

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解决方案，如仲裁，拥有80亿美元的Stablecoin量以及乐观情绪，通过提供更快，更便宜的交易来挑战以太坊的主网，从而转移了一些流动性。但是，以太坊的第一步优势，成熟的开发人员社区以及即将到来的Pectra升级确保其在违规行业中的持久优势。

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的跨链战略反驳了Solana的速度优势，而其创新功能（例如允许RWA抵押品和GHO Stablecoin），桥梁传统财务和DEFI，吸引了机构的兴趣和多样化的用例。这种跨链扩展和高级技术的集成在维持AAVE作为领先的DEFI方案的位置方面至关重要。