Aave's grip on the DeFi lending market is nearly unshakeable. Currently hosting $22.4 billion in active loans, it commands more capital than every other major lending protocol combined—a testament to how heavily concentrated the on-chain credit space has become. This dominance reflects not just Aave's first-mover advantage, but also the trust and network effects it's built across the broader DeFi ecosystem. Whether this concentration signals strength or risk for decentralized finance remains an open question worth monitoring.