August 25, 2020 Aave passes maker to become DeFi project with highest TVL.

DeFi lending and borrowing platform Aave has surpassed MakerDAO in terms of total value locked, becoming the new sector leader by this metric. Aave’s TVL reached $1.45B for the first time this week, while MakerDAO’s TVL sits at $1.44B. Recent increases in DeFi usage has caused the TVL across all platforms to increase nearly seven-fold since February.