AAVE flips Lido across ALL metrics – But is this just round one?

Key Takeaways

• Aave’s $775 billion borrow quantity and rising TVL dominance over Lido spotlight its rising position in DeFi lending, with bullish worth momentum signaling additional upside—except Lido reclaims key help to reverse its downtrend.

Aave [AAVE] and Lido [LDO] have been key frontiers within the DeFi sector, however one appears to have outdone the opposite throughout all metrics.

Each have seen notable worth adjustments during the last 24 hours, however their on-chain exercise is one to set eyes on.

“Subsequent cease $1T,” says Aave’s founder

Aave has formally crossed $775 billion in cumulative borrow quantity, marking one of many largest utilization milestones in DeFi historical past.

The protocol’s borrowing curve, as proven within the newest chart, has climbed constantly since early 2021.

Actually, founder Stani Kulechov believes that the protocol is on observe to breach $1 trillion subsequent. That imaginative and prescient will not be far-fetched—the protocol’s adoption reveals that decentralized credit score has moved from experimental to important.

And with this momentum, Aave might quickly grow to be the primary DeFi protocol to hit the trillion-dollar lending threshold.

AAVE outperforms LDO

The info from Token Terminal confirmed this vital turnaround of DeFi.

Aave overtook Lido Finance in Complete Worth Locked (TVL). At one level, Lido commanded 37% of DeFi TVL, whereas Aave sat at 24%.

Nevertheless, as of July 2025, AAVE had 39% of DeFi TVL and Lido dropped to 21%.

The AAVE platform alone accounted for 22% of all DeFi TVL and almost half, about 46% of the TVL contained in the lending space.

That ascent made it clear: Lido’s affect had waned, whereas Aave’s regular development since March positioned it as DeFi’s new utility spine.

Supply: Token Terminal

Aside from this main place within the lending and staking sector, can it proceed outgrowing LDO in worth?

AAVE vs. LDO charts in contrast

On the time of writing, the value construction comparability of 4-hour charts of the 2 confirmed that AAVE was in a continuing uptrend.

This confirmed a bullish construction with increased highs and a clear trendline help, which indicated the energy of the value.

Within the meantime, LDO was above its trendline however misplaced it, having a tricky time rebounding. The MACD on AAVE was bullish, however for LDO was flat, displaying indecision.

Supply: TradingView

In fact, worth isn’t nearly construction; it’s additionally about sentiment.

AAVE gained 253% over the previous 12 months, whereas LDO declined by 55%.

The previous might improve its benefit, in case of trendline help, however in case of a breakdown, the correction might begin. Within the case of LDO, sentiment might transfer with the re-take of its trendline.

Due to this fact, as of press time, AAVE was within the lead, nevertheless it might quickly lower relying on the LDO replenishing construction or macro circumstances altering.