39.6K @MSBIntel INSIGHT: Aave has earned $43.3 million year to date, 80.7% of the entire lending sector's earnings.
That is 766% higher than the second-largest protocol, Maple Finance, at $5.0 million.
Earnings count revenue after token incentives, so Aave holds about half of lending TVL but four-fifths of the profit.
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177.6K @wublockchain12 DeFi researcher Jose Fabrega cited TokenLogic data indicating that June 2026 may become the first month since January 2021 where borrowing interest is no longer Aave's largest revenue source. He noted that Chainlink SVR (Smart Value Recapture) growth drives the protocol to recoup more revenue from liquidations, while active loan volume fell after the LZ/Kelp event, leading to a reduced share of borrowing interest income. https://t.co/vNaGaspg1d
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79.7K @ourcryptotalk 79.7K @ourcryptotalk $MORPHO has shown tremendous growth this year, climbing to $7B in TVL.
But what's interesting is that $AAVE and $SYRUP are quietly leading the segment across several metrics.
Let's compare $AAVE vs $MORPHO vs $SYRUP on everything that counts, leading and lagging indicators.👇
➨ LEADING INDICATORS (what moves before the price does)
1⃣Utilization Rate (how hard each deposit base actually works)
SYRUP: 46.7%
AAVE: 44.2%
MORPHO: 34.5%
Maple runs the tightest book in the category. Nearly half its deposits are actively lent out. Morpho's lower number is structural, its curator-driven markets don't deploy all liquidity at once.
2⃣Net Deposit Flows (30d)
SYRUP: +0.8%
MORPHO: −6.5%
AAVE: −7.7%
Maple is the only one of the three taking in capital right now. Aave and Morpho are contracting in near-lockstep, which reads as market-wide deleveraging, not a problem with either protocol.
3⃣ Revenue Mix (who actually gets the fees)
AAVE: 87% to LPs, 13% to protocol
SYRUP: 88% to LPs, 12% to protocol
MORPHO: 100% to
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