Aave (AAVE)

DeFi Rank #5 🟡 GOOD
6.9/10

Score Breakdown

Unlock9/10
Tokenomics8/10
Insider7/10
Onchain9/10
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.

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