Aave (AAVE)

DeFi Rank #7 MODERATE
6.7 /10

Score breakdown

Unlock9/10
Tokenomics8/10
Insider6/10
Onchain8/10
Dev Activity1/10
Revenue5/10
Institutional6/10
Etf6/10
Market Structure9/10
Security9/10

Analysis

Aave reached $50B TVL in March 2026, maintaining its position as the largest DeFi lending protocol. The V4 upgrade introduced cross-chain liquidity and improved capital efficiency, while Aave Horizon processed $2.8B in institutional RWA deposits. Grayscale's AAVE ETF conversion was approved in February 2026, providing traditional finance access. The protocol generated $1.6B in fees during 2025, with $280M added to the treasury. GHO stablecoin reached $800M supply, becoming a significant revenue driver.

Disclaimer: This analysis is for informational purposes only and is not investment advice. Crypto investments carry high risk. DYOR โ€” Do Your Own Research.