Active loans at Ethereum have returned to an all-time high, renewed confidence in the network and its lending protocols. This trend was driven by Aave, but other small lenders have grown significantly over the past few weeks.
Ethereum loans continue to rise, surged to a new all-time high. Depending on the different metrics, total active loans ranges below $22.6 billion $2.4 billionincludes different choices of protocols.
Based on TokenSelterminal data, the trend to expand lending has returned since April. Approximately $20 billion in active loans were added in June. Defi Lending has improved over the last three years peakmaintains the growth trends in July.
Ethereum remains a leader in defi lending
Overall, we will lend $5.545 billion When considering collateral deposits. Additionally, Ethereum’s loans are the highest ever. $35.29B It is locked.
Base is another chain that expands its lending activities; 20 billion dollars It is locked. Despite the popularity of Tron and Solana-based Defi, lending to those chains is far from the highest peak ever.
Ethereum’s active loans surged again, peaking at an all-time high of over $22.6 billion or up to $24 billion, depending on the inclusion of metrics and protocols. In June, Defi Lending added $20 billion to its active loan. |Source: Token Device
High lipids are one of the competitors with the fastest expansion and carry $848.53 Locked value. Although the protocol is still far from existing leaders, it quickly catches up to the previously popular chain.
Loans have proven resilience and are expanding in ETH fluctuations. In 2025, Defi improved its liquidation approach and rarely crashed with ETH price movements.
The expansion of lending reveals continued trust in ETH and the protocol itself. Recent gatherings are primarily based on inflows to Aave, which has become the main lending hub.
However, the recovery is even stronger with smaller protocols. After a weak period, Spark recovered with over 40% With the first new loan since the low in April. Aave remains a major $15 billion lending protocol for active loans, followed by Spark, carrying $1.8 billion after recovery.
ETH liquidation levels rose with increased confidence
More active lending will transport you to the ETH market 1 billion dollars With a liquid loan. This time, borrowers remained relatively conservative, with liquidity occurring at under $1,600.
This means that even if ETH slides 20%, lenders will only see $4.2 million on the liquidated loan. The ETH traded at $2,550.08 with no indication of a deeper correction. However, assets have not been collected over $3,000 and instead are stagnant at under $2,700.
The relatively predictable ETH rating helped Dedi maintain growth with lending expanding beyond bull market levels in 2021.
Despite the increased value of the lending protocol, locked ETH has declined. As of November 2021, more than $100 billion in ETH were trapped in Defi, $62 billion ETH was trapped in July 2025. Loans have grown in the form of stablecoin and other tokens with a more widely accepted collateral.
Defi is considered to be possible for even more active development, especially in the US, due to its more generous regulation and ability to experiment with yield protocols. Increased supply of Stablecoins, as well as the casting of RWA tokens, could further boost the Defi app.
Others like Morpho offer fixed fees, fixed hours loanmakes Defi more user-friendly and predictable.
