Lending protocols, as the infrastructure of Decentralized Finance, are undergoing a profound transformation. With the development of the market, revolving loans have become the mainstream trend in the current DeFi space, driving a reshuffle of the underlying lending facilities.

In this transformation, Euler supports users in building their own Vaults with its innovative EVK technology, achieving a total locked amount of ( TVL ), comprehensive growth in revenue and token prices. Meanwhile, the introduction of real-world asset ( RWA ) lending is expected to further drive the development of Euler.

Aave relies on new products such as USDe+PT-USDe, Umbrella, and the favorable conditions of GHO cross-chain issuance to achieve new highs in both net deposits and profits. Nevertheless, Aave's valuation remains relatively low, which may make it a preferred target for institutional investors.

In contrast, Compound shows a certain decline due to insufficient asset support and slow response speed. However, the rising star Fluid has achieved a 53% growth in TVL within the year, thanks to smart collateral and high capital efficiency, and its scale is approaching Euler, making it a dark horse in the industry.

Overall, Aave and Euler are leading the development of the Decentralized Finance lending market. In the future, market funds are expected to further concentrate on efficient and flexible protocols, which will promote a healthier and more sustainable DeFi ecosystem. With the continuous advancement of technology and the evolution of user demands, we can expect to see more innovative products and services emerge, further driving the prosperous development of the DeFi lending sector.