As of Oct. 20, the DeFi market had surpassed $200 billion in total locked-in value (TVL), standing at $241.575 billion, with Aave's TVL accounting for the lion's share, at $18.89 billion. In the lending space, Aave's TVL has consistently outperformed Compound over the last six months. This can be attributed to its traditional finance-inspired model and its ability to operate in Financial Conduct Authority-encrypted assets.