Hey there! It looks like the blockchain world is abuzz with some exciting news from two major protocols – Aave and Lido. According to TokenTerminal data, on Christmas Day (December 25th) these two protocols saw their total net deposits surpass $70 billion for the very first time. However, as of this writing, those numbers have since dropped back down to around $67.37 billion.

Aave came out on top with a whopping $34.3 billion in net deposits, followed closely by Lido at $33.1 billion. Together, these two powerhouses account for a staggering 45.5% of all deposits within the top 20 DeFi applications! In terms of lock-up volume (TVL), Lido continues to dominate the DeFi landscape with an impressive $33.8 billion, while Aave comes in at a respectable second place with $20.6 billion.

Over the past month, both protocols have seen some significant growth in their respective revenues. Aave’s revenue increased by a healthy 27.5% to reach $12.5 million, while Lido saw its revenue climb 24% to hit $9.6 million. Furthermore, the total locked-up volume of DeFi has experienced tremendous growth over the past year, increasing by a whopping 107% to reach an impressive $185 billion as of this writing.

In fact, it even managed to surpass $212 billion on December 16th! It’s clear that both Aave and Lido are major players in the ever-evolving world of decentralized finance, and their continued success is sure to be something worth keeping an eye on in the months ahead.

Reported by m.theblockbeats.info

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