Total Value Locked$218.97m
TVL by Chain
Ethereum$218.97m
The chart plots Active Loans as its own series; it is not part of the TVL above.
Key Metrics
Active Loans$76.6m
Protocol Information
A specialized Aave lending market on Ethereum, where institutions or other qualified users borrow stablecoins against real-world assets (RWAs). Unlocking stablecoin liquidity against their previously siloed tokenized assets.
Audits:
Methodology
TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.View code on GitHubCompetitors
Aave Horizon RWA history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Nov 1, 2025 to Nov 9, 2026.
All-time high TVL: $420.94m on Jan 12, 2026. All-time low TVL: $172.25m on Oct 30, 2026.
Daily TVL, Oct 11, 2026 to Nov 9, 2026
| Date | TVL |
|---|---|
| Oct 11, 2026 | $255.8m |
| Oct 12, 2026 | $255.85m |
| Oct 13, 2026 | $255.73m |
| Oct 14, 2026 | $255.64m |
| Oct 15, 2026 | $256.41m |
| Oct 16, 2026 | $253.95m |
| Oct 17, 2026 | $254.1m |
| Oct 18, 2026 | $254.36m |
| Oct 19, 2026 | $254.34m |
| Oct 20, 2026 | $253.16m |
| Oct 21, 2026 | $253.25m |
| Oct 22, 2026 | $252.89m |
| Oct 23, 2026 | $251.37m |
| Oct 24, 2026 | $251.49m |
| Oct 25, 2026 | $251.48m |
| Oct 26, 2026 | $251.47m |
| Oct 27, 2026 | $251.31m |
| Oct 28, 2026 | $249.47m |
| Oct 29, 2026 | $249.16m |
| Oct 30, 2026 | $172.25m |
| Oct 31, 2026 | $218.12m |
| Nov 1, 2026 | $219.53m |
| Nov 2, 2026 | $219.5m |
| Nov 3, 2026 | $218.02m |
| Nov 4, 2026 | $215.83m |
| Nov 5, 2026 | $216.18m |
| Nov 6, 2026 | $216.66m |
| Nov 7, 2026 | $219.06m |
| Nov 8, 2026 | $219m |
| Nov 9, 2026 | $218.97m |
TVL at each month end, Nov 2025 to Nov 2026
| Date | TVL |
|---|---|
| Nov 30, 2025 | $397.38m |
| Dec 31, 2025 | $388.67m |
| Jan 31, 2026 | $385.91m |
| Feb 28, 2026 | $347.14m |
| Mar 31, 2026 | $248.24m |
| Apr 30, 2026 | $339.13m |
| May 31, 2026 | $345.2m |
| Jun 30, 2026 | $292.38m |
| Jul 31, 2026 | $258.83m |
| Aug 31, 2026 | $254.33m |
| Sep 30, 2026 | $261.72m |
| Oct 31, 2026 | $218.12m |
| Nov 9, 2026 (latest) | $218.97m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/aave-horizon-rwa
Frequently asked questions
What is Aave Horizon RWA's TVL?
As of Nov 9, 2026, Aave Horizon RWA has $218.97m in total value locked. TVL has decreased 14.4% over the past 30 days.
What chains does Aave Horizon RWA operate on?
Aave Horizon RWA operates on Ethereum. Ethereum holds the largest share at 100%.
How does Aave Horizon RWA's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Aave Horizon RWA ranks #17 by TVL. The category holds $49.293b across 519 protocols, and Aave Horizon RWA accounts for 0.4% of that total. Similar protocols include Aave V3, Morpho Blue, SparkLend, Maple, Compound V3, Venus Core Pool, Lista Lending, Aave V4, Fluid Lending, and Euler V2.
How much has been borrowed through Aave Horizon RWA?
As of Nov 9, 2026, Aave Horizon RWA has $76.6m in active loans.