Total Value Locked$103.96m
TVL by Chain
Ethereum$79.07m
Polygon$16.52m
Avalanche$8.37m
Key Metrics
Fees 30d$161,218
Fees 30d by chain
Ethereum$101,132
Polygon$35,798
Avalanche$24,288
Fees 7d$36,289
Ethereum$22,869
Polygon$8,224
Avalanche$5,196
Fees 24h$4,723
Ethereum$2,561
Polygon$1,177
Avalanche$985
Cumulative Fees$460.84m
Ethereum$437.2m
Avalanche$17.74m
Polygon$5.9m
Revenue 30d$143,435
Revenue 30d by chain
Ethereum$86,747
Polygon$35,794
Avalanche$20,894
Revenue 7d$32,254
Ethereum$19,609
Polygon$8,223
Avalanche$4,422
Revenue 24h$4,213
Ethereum$2,198
Polygon$1,177
Avalanche$838
Cumulative Revenue$65.9m
Ethereum$61.53m
Avalanche$2.53m
Polygon$1.84m
Holders Revenue 30d$0
Holders Revenue 30d by chain
Avalanche$0
Ethereum$0
Polygon$0
Holders Revenue 7d$0
Avalanche$0
Ethereum$0
Polygon$0
Holders Revenue 24h$0
Avalanche$0
Ethereum$0
Polygon$0
Cumulative Holders Revenue$13
Ethereum$13
Avalanche$0
Polygon$0
Collateral Liquidated 30d$74,465
Collateral Liquidated 30d by chain
Polygon$32,078
Avalanche$25,404
Ethereum$16,985
Collateral Liquidated 7d$7,974
Avalanche$6,322
Ethereum$837
Polygon$815.14
Collateral Liquidated 24h$38.72
Polygon$21.68
Ethereum$17.04
Avalanche$0
Cumulative Collateral Liquidated$496,789
Ethereum$356,453
Polygon$71,823
Avalanche$68,518
Market Cap$2.041b
$AAVE Price$132.11
Fully Diluted Valuation$2.115b
$AAVE Volume 24h$242.5m
CEX Volume$141.18m
DEX Volume$575.07m(237.15% of total)
Staked$327.95m(16.07% of mcap)
Active Loans$20.55m
Total Raised$32.5m
Jul 8, 2020$4.5mRound: Private token saleInvestors: ParaFi Capital
Jul 15, 2020$3mRound: Private token saleInvestors: Framework Ventures, 3AC
Oct 12, 2020$25mRound: StrategicInvestors: Blockchain Capital, Blockchain.com Ventures, Standard Crypto
Protocol Information
Aave is an Open Source and Non-Custodial protocol to earn interest on deposits and borrow assets
Audits:
Methodology
TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.View code on GitHubFees: Include borrow interest, flashloan fee, liquidation fee and penalty paid by borrowers.View code on GitHubRevenue: Amount of fees go to Aave treasury.View code on GitHubHolders Revenue: View code on GitHubCollateral Liquidated: Total USD value of collateral seized in LiquidationCall events.View code on GitHubCompetitors
Aave V2 history
TVL is the default DefiLlama definition, which excludes Staking, Pool2, and Active Loans. Daily values are UTC snapshots from Dec 3, 2020 to Oct 27, 2026.
All-time high TVL: $18.437b on Oct 26, 2021. All-time low TVL: $11,338 on Dec 3, 2020.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $113.13m |
| Sep 29, 2026 | $112.99m |
| Sep 30, 2026 | $112.65m |
| Oct 1, 2026 | $112.79m |
| Oct 2, 2026 | $113.62m |
| Oct 3, 2026 | $112.8m |
| Oct 4, 2026 | $113.29m |
| Oct 5, 2026 | $114.5m |
| Oct 6, 2026 | $114m |
| Oct 7, 2026 | $113.55m |
| Oct 8, 2026 | $110.61m |
| Oct 9, 2026 | $108.22m |
| Oct 10, 2026 | $108.82m |
| Oct 11, 2026 | $109.3m |
| Oct 12, 2026 | $110.18m |
| Oct 13, 2026 | $106.71m |
| Oct 14, 2026 | $109.02m |
| Oct 15, 2026 | $106.89m |
| Oct 16, 2026 | $107.42m |
| Oct 17, 2026 | $106.81m |
| Oct 18, 2026 | $106.39m |
| Oct 19, 2026 | $106.85m |
| Oct 20, 2026 | $106.23m |
| Oct 21, 2026 | $107.71m |
| Oct 22, 2026 | $108.62m |
| Oct 23, 2026 | $105.85m |
| Oct 24, 2026 | $105.74m |
| Oct 25, 2026 | $105.19m |
| Oct 26, 2026 | $104.39m |
| Oct 27, 2026 | $103.45m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $869.54m |
| Dec 31, 2024 | $650.12m |
| Jan 31, 2025 | $572.43m |
| Feb 28, 2025 | $397.78m |
| Mar 31, 2025 | $307.1m |
| Apr 30, 2025 | $290.32m |
| May 31, 2025 | $323.34m |
| Jun 30, 2025 | $283.62m |
| Jul 31, 2025 | $330.56m |
| Aug 31, 2025 | $334.33m |
| Sep 30, 2025 | $320.16m |
| Oct 31, 2025 | $248.47m |
| Nov 30, 2025 | $197.28m |
| Dec 31, 2025 | $183.79m |
| Jan 31, 2026 | $168.78m |
| Feb 28, 2026 | $131.91m |
| Mar 31, 2026 | $130.24m |
| Apr 30, 2026 | $131.93m |
| May 31, 2026 | $120.09m |
| Jun 30, 2026 | $103.88m |
| Jul 31, 2026 | $110.51m |
| Aug 31, 2026 | $109.54m |
| Sep 30, 2026 | $112.65m |
| Oct 27, 2026 (latest) | $103.45m |
TVL at each year end, Dec 31, 2020 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2020 | $126.44m |
| Dec 31, 2021 | $14.018b |
| Dec 31, 2022 | $3.224b |
| Dec 31, 2023 | $2.336b |
| Dec 31, 2024 | $650.12m |
| Dec 31, 2025 | $183.79m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $1.05m | $888,836 | $0 |
| Dec 2024 | $804,401 | $680,342 | $0 |
| Jan 2025 | $1.14m | $965,947 | $0 |
| Feb 2025 | $306,211 | $259,974 | $0 |
| Mar 2025 | $235,480 | $174,681 | $0 |
| Apr 2025 | $181,757 | $128,871 | $0 |
| May 2025 | $192,949 | $136,616 | $0 |
| Jun 2025 | $140,571 | $99,589 | $0 |
| Jul 2025 | $86,606 | $61,956 | $0 |
| Aug 2025 | $89,000 | $64,628 | $0 |
| Sep 2025 | $83,846 | $60,684 | $1 |
| Oct 2025 | $91,567 | $75,199 | $12 |
| Nov 2025 | $52,314 | $44,535 | $0 |
| Dec 2025 | $39,805 | $33,894 | $0 |
| Jan 2026 | $56,462 | $48,966 | $0 |
| Feb 2026 | $232,320 | $205,827 | $0 |
| Mar 2026 | $220,853 | $197,330 | $0 |
| Apr 2026 | $208,158 | $185,612 | $0 |
| May 2026 | $207,302 | $184,334 | $0 |
| Jun 2026 | $171,965 | $152,594 | $0 |
| Jul 2026 | $139,875 | $124,230 | $0 |
| Aug 2026 | $78,997 | $72,368 | $0 |
| Sep 2026 | $155,485 | $138,138 | $0 |
| Oct 2026 (to date) | $140,576 | $124,731 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/aave-v2
Frequently asked questions
What is Aave V2's TVL?
As of Oct 27, 2026, Aave V2 has $103.96m in total value locked. TVL has decreased 8.2% over the past 30 days.
What chains does Aave V2 operate on?
Aave V2 operates on 3 chains: Ethereum, Polygon, and Avalanche. Ethereum holds the largest share at 76.1%.
How much has Aave V2 generated in fees and revenue?
Over the past 30 days, Aave V2 generated $161,218 in fees. Of that, $143,435 was protocol revenue. Based on the trailing year, the annualized rate is $1.71m in fees and $1.52m in revenue.
What is the AAVE token price and valuation?
AAVE is currently trading at $132.21. Its circulating market capitalization is $2.041b, ranking it #61. Its fully diluted valuation is $2.115b. Supply currently stands at 15.44m circulating, 16m total supply, 16m maximum supply.
How has AAVE performed recently?
AAVE is down 13.8% over the past 7 days and down 14.9% over the past 30 days. Its all-time high is $661.69, reached on May 18, 2021. The token is currently 80% below that level.
How does Aave V2's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Aave V2 ranks #30 by TVL. The category holds $52.383b across 518 protocols, and Aave V2 accounts for 0.2% of that total. Similar protocols include Aave V3, Morpho Blue, Folks Finance xChain, OmniBTC, dForce Lending, Impermax V2, Tarot, 88mph, Ajna V2, and Prime Protocol.
How much has been borrowed through Aave V2?
As of Oct 27, 2026, Aave V2 has $20.55m in active loans.