Aave, a decentralized finance (DeFi) platform, has reached a record $33.4 billion in net deposits, surpassing figures from the 2021 bull market. In 2024, Aave launched Aave V4 and expanded its services to include the BNB Chain, Scroll, ZKsync Era, and ether.fi. Looking towards 2025, the platform may introduce new markets such as the Sonic network, Mantle, and others, pending community approval. The DeFi sector has seen a renaissance recently, bolstered by a favorable regulatory outlook post-U.S. elections, speculated to enable revenue sharing through DeFi tokens. The total value locked (TVL) in DeFi is approximately $130 billion, reflecting growth driven by innovations in liquid restaking and Bitcoin-related DeFi products. Moreover, the security of DeFi platforms has improved, as reflected in reduced hacking incidents. In contrast, centralized exchanges faced significant security breaches, losing over $694 million in 2024.

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