AAVE’s TVL Hits Record 6.63 Million ETH: A DeFi Powerhouse on the Rise

AAVE, one of the leading decentralized finance platforms, reaches an impressive milestone that solidifies its dominance in the DeFi space.

As of January 2025, AAVE’s Total Value Locked has surged to a historic 6.63 million ETH — a really quite astounding 152% increase from the 2.63 million ETH recorded on August 17, 2023. This really highlights AAVE’s enduring appeal, as well as its role as a cornerstone of the DeFi ecosystem.

AAVE’s ability to draw in liquidity and maintain trust among its user base is reflected in its TVL quite nicely. The figure went from 2.63 million ETH in August of 2023 to 6.63 million ETH in January of 2025, a remarkable leap indeed. This figure’s jump reflects not just AAVE’s growing adoption but also a resurgence of interest in DeFi as a whole. Innovative consistency is what I see behind AAVE’s ecosystem. I think AAVE is a likely candidate for DeFi’s future.

The milestone also cements AAVE’s position as a leader in the DeFi space, as it continues to outpace competitors. There are several reasons why the platform enjoys this level of success, and we’ll take a look at some of the most important ones. These, we think, paint a compelling picture of why you (and we) might want to use AAVE.

Even as AAVE continues to grow, there’s a whale out there who definitely knows what they’re doing. And this whale’s profit seems to have come from some remarkable market timing and trades. About nine hours ago, we learned that this whale had deposited a whole bunch (17,002) of AAVE tokens—worth around $5.9 million—into Binance. But this whale’s not a one-time player in the market.

Seven months ago, when AAVE was trading at only $82 per token, this whale made a daring move, withdrawing 49,640 AAVE (valued at $4.09 million at the time) from OKX. Since then, the price of AAVE has absolutely shot up, with the token now trading at a significantly higher valuation.

Whale Alert: Big AAVE Moves, $13.5M Profit Secured!