DeFi lending volumes rose to $26.1 billion in August as on-chain credit demand recovered, according to CryptoRank data. Total outstanding loans across major DeFi lending protocols increased from $20.1 billion in June, marking nearly 30% growth over the summer. Aave remained the largest lending protocol with $12.5 billion in outstanding loans, giving it about 48% market share. Morpho followed with $5.1 billion, while Spark held $2.1 billion in outstanding loans.