Aave, a leading decentralized finance (DeFi) lending protocol, has surpassed $50 billion in net deposits, marking a milestone as the first DeFi lender to reach this scale. This achievement positions Aave as the 46th largest bank globally by deposits, comparable to mid-sized regional banks in the United States. The protocol holds nearly 80% of the on-chain lending market share and has processed over $2.85 trillion in all-time volume on net deposits. Aave's total value locked (TVL) recently exceeded $30 billion, continuing a growth trajectory that has seen deposits multiply more than fivefold over the past two years. Founder Stani Kulechov highlighted that traditional finance (TradFi) and fintech sectors are increasingly adopting Aave as lending infrastructure, fueling the race toward $1 trillion in net deposits. Following the launch of its Horizon product, Aave plans to operate three business lines: lending and borrowing with $50 billion in net deposits, GHO to generate premium revenue for the Aave DAO, and Horizon to enable TradFi assets as collateral. Aave currently ranks as the second-largest business on the Ethereum blockchain by TVL and assets under management (AUM). The protocol is expected to benefit substantially from the anticipated growth of stablecoins to $2–3 trillion, which could further expand Aave’s market presence.