Group 1 - The total value locked (TVL) in the DeFi lending market has reached a record $130 billion, making it the largest sector in DeFi, surpassing liquid staking [1][2] - The increase in TVL is attributed to favorable policy shifts, tokenized real-world assets being used as collateral, growth in the stablecoin market, and the emergence of looping strategies that enhance yields [2] - Major DeFi lending protocols such as Aave, Morpho, and JustLend are driving significant growth in the sector, benefiting from transaction fees [2][3] Group 2 - Aave is the largest DeFi lending protocol with a TVL exceeding $68 billion, operating on a pool-based lending model [4] - Morpho is the second-largest protocol, with a TVL five times smaller than Aave's, featuring a matching system for lenders and borrowers [5] - JustLend has a TVL of over $5 billion and operates solely on the Tron blockchain, distinguishing it from Aave, which is deployed on 18 different blockchains [6]