Total active loans across major decentralized lending protocols climbed to $26.1 billion in August, up from $20.1 billion in June, representing roughly 30% growth in two months. Aave dominates the market with $12.5 billion in outstanding loans, accounting for approximately 48% of total market share. Morpho ranks second with $5.1 billion and Spark third with $2.1 billion. Aave’s total deposits crossed the $30 billion mark in August, posting a 30% increase over the quarter. This recovery in DeFi lending ends several months of contraction and signals a return of borrower demand across decentralized finance protocols.
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