Strong momentum in DeFi lending since early June, with major protocols adding $2.5B to their borrow books on a weekly increasing trend. Aave V3 leads the recovery with $1.38B in new borrows, exceeding the combined growth of all other top protocols ($1.15B) as shown in the accompanying 12-week momentum chart. The analysis aligns with broader DeFi signals of lending rebound after contraction, with Aave’s outsized gains indicating market share consolidation in onchain credit.
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