Aave's on chain TVL surpasses $40 billion, setting a new historical high DefiLlama data shows that the DeFi protocol Aave has achieved a new high in on chain funding scale. Aave announced on X platform that as of May 12th, its total locked in value (TVL) has exceeded 40.3 billion US dollars. According to on chain data, the latest version of Aave v3 has a TVL of approximately $40 billion.