Aave and Lido’s cumulative net deposits once exceeded US$70 billion

According to TokenTerminal, Aave and Lido saw net deposits surpass $70 billion for the first time in December. At press time, the two largest DeFi protocols hold a total of $67.42 billion in deposits. Aave leads with $34.3 billion in deposits, just $1.1 billion ahead of Lido. The two account for 45.5% of the overall deposits of the 20 largest DeFi applications ($148 billion). However, in terms of TVL, Lido leads with $33.8 billion and Aave is second with $20.6 billion. Net deposits represent the total amount deposited into DeFi protocols, excluding fees and synthetic tokens, while TVL is the total amount allocated to all assets. In addition, Lido and Aave are among the highest-grossing DeFi applications. In the past 30 days, Aave's revenue has increased by 27.5% to $12.5 million, making it the tenth largest protocol. Meanwhile, Lido’s monthly revenue was $9.6 million, a 24% growth rate, firmly placing it as the 12th largest DeFi app in terms of revenue. (CryptoSlate)