DeFi Lending Volume Reaches $26 Billion, Up Nearly 30% Since June

August 31 news, according to CryptoRank data, as on-chain credit demand recovers, DeFi lending volume has reached $26 billion. The total outstanding loans across major DeFi lending protocols rose from $20.1 billion in June to $26.1 billion in August, growing nearly 30% over the summer. Aave remains dominant with $12.5 billion in outstanding loans, holding a market share of approximately 48%; it is followed by Morpho ($5.1 billion) and Spark ($2.1 billion).