Aave V3 controls 78.6% of the roughly $872.7 million in USDT0 deposits across decentralized finance. On the combined USDT and USDT0 market, its share represents 62.8% of the $6.1 billion in total value locked across 29 protocols, equivalent to approximately $3.83 billion in stablecoin deposits. Over roughly 90 days leading into late July 2026, net USDT deposits on Aave V3’s Core market surged by $526 million, rising from $1.93 billion to approximately $3.03 billion, a 57% increase. The protocol’s utilization rates regularly exceed 90%, prompting Aave’s governance to raise supply caps to $3.48 billion in June 2026.
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