DeFi Growth: Aave V3, Balancer, and Moonwell Lead with Base and Renzo Achieving Milestones

The decentralized finance (DeFi) sector is witnessing remarkable growth across various protocols, with significant increases in Total Value Locked (TVL). Aave V3 has seen an early growth story, achieving a 500M TVL in two months and securing over 50% protocol market share and 75% codebase market share, with users earning +million per day across 12 networks. Balancer introduced a Tri Liquid Restaking pool, experiencing a 12,313% TVL growth in just 22 days. MoonwellDeFi has become the #1 lending protocol by TVL on Base. Base's TVL has reached $1.33B, with assets moving from Ethereum L1 to L2s, showing a bridge deposit lead by Arbitrum at $11.1B. Sturdy has surpassed $20m in TVL since its V2 launch. The restaking ecosystem is evolving with Etherfi, Renzo, and Swell making significant strides. RenzoProtocol, in particular, has grown from $0 to $1b in TVL in just 12 weeks on EigenLayer. These developments indicate a robust and rapidly expanding DeFi landscape.