DeFi Lending Volume Reaches $26.1 Billion as On-Chain Credit Demand Recovers

According to CryptoRank.io, the active loan volume across major DeFi lending protocols rose to $26.1 billion in August 2026, marking a nearly 30% increase from $20.1 billion in June. Aave continues to lead the sector with $12.5 billion in active loans, capturing approximately 48% of the market share, followed by Morpho at $5.1 billion and Spark at $2.1 billion.