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CryptoWorld News: DefiLlama founder 0xngmi posted on the X platform stating that the current claims that Aave's TVL is overestimated due to circular lending are not accurate. He explained that in TVL calculations, lent assets are excluded, so circular lending does not inflate the total locked value. For example, assets deposited are counted in TVL, while the corresponding borrowed amounts are offset. He also added that DefiLlama has previously removed double counting caused by Ethena-related collateral cycles and believes that the related criticisms lack basis.