PANews, August 31: According to CryptoRank data, as on-chain credit demand rebounds, DeFi lending volume has reached $26 billion. The total outstanding loans across major DeFi lending protocols rose from $20.1 billion in June to $26.1 billion in August, marking nearly a 30% increase over the summer. Aave remains dominant with $12.5 billion in outstanding loans, accounting for approximately 48% of the market share, followed by Morpho ($5.1 billion) and Spark ($2.1 billion).
DeFi lending reaches $26 billion, up 30% since June
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Summary
DeFi lending reached $26 billion in August, up 30% from $20.1 billion in June, according to crypto news from PANews. Aave leads with $12.5 billion in loans, followed by Morpho at $5.1 billion and Spark at $2.1 billion. The growth occurs amid ongoing DeFi exploit risks, but user activity remains robust. Aave continues to dominate as the sector expands.
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