TVL (Lending)
Total value of digital assets locked in DeFi lending protocols for borrowing and lending activities.
What is TVL (Lending)?
Total Value Locked (TVL) in lending measures the aggregate value of digital assets deposited into lending protocols, such as Aave, Compound, and MakerDAO, reflecting their liquidity and adoption. As of September 2025, DeFi lending TVL exceeds $50 billion across major blockchains like Ethereum, Solana, and Binance Smart Chain, comprising roughly 40% of the total DeFi market TVL, according to DefiLlama. This metric tracks assets supplied to lending pools, which borrowers access against collateral, and fluctuates with market conditions, peaking during high borrowing demand in bull markets.
TVL in lending is a critical indicator of protocol health, as higher TVL often correlates with lower borrow rates and better yields for suppliers due to increased capital efficiency. For example, Aave’s TVL alone surpassed $20 billion in Q3 2025, driven by its multi-chain deployments and diverse asset pools. Transparent on-chain data ensures real-time tracking, making TVL a reliable gauge for investors and developers.
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