[DeFi Lending Volume Reaches $26 Billion, Up Nearly 30% Since June] According to CryptoRank data, as on-chain credit demand rebounds, DeFi lending volume has reached $26 billion. The total outstanding loans of major DeFi lending protocols rose from $20.1 billion in June to $26.1 billion in August, marking a nearly 30% increase over the summer. Aave remains dominant with $12.5 billion in outstanding loans, accounting for approximately 48% of the market share, followed by Morpho ($5.1 billion) and Spark ($2.1 billion).