Aave V4 deposits surpassed $1.75 billion on November 13, 2026, compared with approximately $806 million in late August, more than doubling in less than three months. Active loans exceeded $450 million in October, representing roughly 30% of that month’s deposits. The protocol, launched on Ethereum on March 30, 2026, expanded to Optimism, Avalanche, and Base, while deposits remain concentrated in a few integrations. Aave V3 still holds around $31 billion in deposits, meaning V4 represents less than 6% of that base, while the protocol’s cumulative borrowing volume reached $1.1 trillion in October 2026.
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