The below graphs helps us assess the Total Value Locked (TVL) for Aave's transactions over the past 6 months.

Total value locked (TVL) has become the most common metric used to measure the growth of the decentralized finance (DeFi) industry.

Total value locked (TLV) is one of the standard metrics, that represents the number of assets that are currently being staked in a specific protocol. this value is not meant to represent the number of outstanding loans, but rather the total amount of underlying supply that is being secured by a specific application by DeFi.