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![kyledoops Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::306123387.png) Kyledoops [@kyledoops](/creator/twitter/kyledoops) on x 126.1K followers
Created: 2025-06-20 06:00:06 UTC

DeFi lending is back in a big way and it’s not the same old story.

Total value locked just hit a new all-time high: $55.99B. That’s higher than the 2021 hype, the 2022 comeback, and even the late 2024 rally.

Aave v3 is leading the pack with $26B+ TVL, daily fees over $1.6M, and the AAVE token up XX% in just X months. But it’s not just the giants.

Morpho Blue is quietly stacking $3.9B (+38% YTD), and Maple has exploded - $1.37B TVL and a XXX% move in SYRUP since May.

RWAs, tokenized debt, sovereign pools… the rails are changing. This isn’t a bounce.

It’s the start of a new credit cycle but fully on-chain.

![](https://pbs.twimg.com/media/Gt3X0BvasAA-2Yn.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1935940705756889366/c:line.svg)

**Related Topics**
[just the](/topic/just-the)
[$39b](/topic/$39b)
[token](/topic/token)
[$16m](/topic/$16m)
[tvl](/topic/tvl)
[$26b](/topic/$26b)
[comeback](/topic/comeback)
[$5599b](/topic/$5599b)

[Post Link](https://x.com/kyledoops/status/1935940705756889366)