Aave lending market share surpasses 51.3%! For the first time in 4 years, a single protocol exceeds 50%, changing the DeFi landscape

2026-01-14 06:16:21

【Blockchain Rhythm】The latest data shows that Aave’s market share in the DeFi lending sector has surpassed 51.3%—the first time since 2020 that a single lending protocol has broken through the 50% mark.

What is behind this number? Aave currently locks in approximately $3.5833 billion in DeFi lending TVL, establishing an absolute market dominance. In comparison, the second-place Morpho is also growing, but its TVL is only $686.1 million, with a market share of just 9.8%—the gap between the two has already widened to over five times.

Looking further down the rankings, JustLend ranks third with $401.5 million (5.8%), followed closely by SparkLend with $381.1 million (5.5%). Then there’s Maple with $272.4 million, Kamino Lend with $240.2 million, and Compound Finance with $205.1 million… the entire ecosystem shows a clear “one dominant, many strong” pattern.

Venus currently locks in $179.9 million (2.6%), Fluid Lending has $154.5 million (2.2%), and Jupiter Lend rounds out the top ten with $113.1 million (1.6%).

In terms of market concentration, Aave alone accounts for more than half of the market. This not only reflects users’ confidence in its security and liquidity but also indicates that competition in the DeFi lending market has entered a new stage—leading protocols’ advantages are gradually being reinforced.

AAVE3,26%

MORPHO6,89%

KMNO-3,91%

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ImpermanentPhobia

· 6h ago

Aave is truly dominant now. How can others compete? With 51.3%, it directly crushes other protocols.

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LiquidationWatcher

· 6h ago

ngl aave's chokehold on lending is kinda scary rn... been there when one protocol dominates like this, doesn't end well. that 51% marker just screaming "systemic risk" to me lol. health factors gonna matter even more now fr fr.

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PretendingSerious

· 6h ago

Aave is aiming to dominate the entire market, with 51.3% directly breaking 50%, leaving other projects far behind. Although Morphoo is working hard, it's only at 9.8%, and the gap is quite significant. This concentration is really outrageous; it feels like DeFi lending is about to turn into Aave's solo show. It makes me realize, if this continues, how will other protocols survive... Having such a heavy reliance on a single protocol, is it really good or bad? It's hard to say.

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YieldChaser

· 6h ago

Aave is about to dominate completely, 51.3% is indeed a bit scary, it feels like other protocols have no way out... --- Wait, a 5x gap? Morpho is being pressed to the ground and rubbed, haha --- Really, no one broke 50% since 2020? Then Aave is indeed fierce this time --- The problem is, with such a monopoly, is there still room for innovation in DeFi? --- The lending market is so competitive, how did Compound fall so far behind? --- Locked assets worth 3.58 billion, the ecosystem is too terrifying, how can new projects compete? --- Having a single protocol over 50% feels a bit dangerous, all the risks are piled together --- Morpho is only 9.8%, if it wants to catch up with Aave, it will take forever

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