Size and money locked

Aave’s total value locked sits at roughly $17.2 billion, making it more than three times larger than Sky’s $5.0 billion. The difference highlights Aave’s broader adoption across multiple assets.

Sky’s TVL, while smaller, still represents a significant $5.0 billion of user deposits, showing solid demand for its non‑custodial saving product.

Activity and fees

Aave users paid about $2.5 million in fees over the last 24 hours, indicating high transaction volume and revenue generation. Sky’s users paid roughly $0.9 million in the same period, reflecting lower overall activity.

Both platforms reported no 24‑hour volume in the data, but the fee figures suggest Aave is handling more frequent or larger operations.

Networks and reach

Aave operates on 23 different chains, including Ethereum, Base, Arbitrum and Polygon, giving users many options for depositing and borrowing.

Sky is limited to Ethereum only, which concentrates its activity on a single network but may simplify the user experience for those already on Ethereum.

Who each platform suits

Aave’s extensive TVL, higher fee revenue and multi‑chain support make it suitable for users seeking a widely used, diversified lending environment.

Sky’s focus on non‑custodial USDS savings on Ethereum appeals to users who prefer a single‑chain solution and a simpler product offering.