Aave(AAVE) vs Lido(LDO): Comparison of Performance in Key Areas of Decentralized Finance
Token Terminal's data shows that Aave has surpassed Lido Finance in Total Value Locked (TVL). Lido once held 37% of DeFi TVL, while Aave accounted for 24%. However, as of July 2025, AAVE holds 39% of DeFi TVL, while Lido has decreased to 21%. The AAVE platform alone accounts for 22% of all DeFi TVL, with a market share close to half in the lending sector, around 46%. This rising trend clearly indicates that Lido's influence has weakened, while Aave's steady growth since March positions it as a new practical pillar of DeFi.