Aave's ETH supply surpasses record 3 million tokens

The amount of ETH staked in the Aave lending protocol reached a new record, surpassing 3 million tokens. In 2025, the number of collateralized tokens doubled, firmly establishing Aave as the market leader in decentralized finance (DeFi).

ETH Supply Acceleration on Aave

ETH supply on the Aave platform accelerated significantly in 2025, driven by growing confidence in DeFi. Aave offers the option to use ETH both as direct collateral and through wrapped tokens, making the platform more attractive to users. According to Sentora, Aave currently holds 3 million ETH, a record high for the protocol.

High Utilization Rate

The ETH supply on Aave currently exceeds 3 million tokens, with a utilization rate exceeding 94%. This suggests that Aave may further increase its lending limit. The platform prefers to maintain a utilization rate of 92%, which ensures stability and security for lenders. However, higher utilization may lead to difficulties with withdrawals, as lenders may face restrictions.

The main concern with high utilization is the potential for funds to be redirected to other, riskier and more opaque protocols, which could impact liquidity.

Interest Rates and Active Loans

Aave offers ETH lenders an annual interest rate of 1.2%, which is lower than even simply staking validators. Although the issued ETH is illiquid and more unpredictable, lenders continue to add to Aave's vaults. According to Token Terminal data, Aave currently has $21.4 billion in active loans, down from over $30 billion in September. The decline in the ETH price has led to the need to deposit more tokens to maintain collateral.

ETH Collateral Doubling Over the Past Year

ETH collateral on Aave has doubled over the past year as traders regained confidence in DeFi. Lending accelerated after ETH was no longer pegged to centralized exchanges, and holders began using on-chain tools to extract value from their holdings.

In Conclusion

Aave still holds over $32 billion in assets, confirming its status as one of the leading protocols in decentralized finance. With growing interest in DeFi and increasing trust in platforms like Aave, further growth in both the ETH supply and activity on the platform is expected.