AAVE and LDO Lead the Shift as DeFi Evolves Beyond 2021
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 29 2025- Evolution of DeFi Ecosystem: By 2025, the total value locked (TVL) in DeFi has shifted from a diverse range of applications in 2021 to a concentration in lending, liquid staking, and restaking protocols, indicating a growing demand for stability and efficiency in the market.
- Capital Concentration Trend: Compared to 2021, the top ten platforms by TVL in 2025, such as AAVE and Lido, focus on long-term capital management, showing that users are no longer engaging in frequent trading but are seeking more sustainable investment returns.
- Infrastructure Development: The transition of DeFi signifies a move from activity-driven applications to core financial infrastructure, where capital flows are more stable, reducing risks associated with market volatility.
- Increased Market Maturity: This shift not only reflects the maturation of DeFi but also supports larger-scale financial activities, making liquidity management and risk control more efficient.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
