Aave V4 user deposits have reached $806 million, according to the protocol’s on-chain dashboard, marking a record high and a 30% increase over the past seven days. The growth unfolded quickly: deposits crossed $500 million on Aug. 19, moved past $600 million on Aug. 21, and then exceeded $800 million within the following six days. On Aug. 25, Ethereum V4 deposits alone topped $500 million.
Active loans on V4 stand at $206 million. Within that figure, the EtherFi market accounts for $62 million in active loans, with weETH collateral supporting WETH borrowing at 92% utilization. Current V4 deployments span Ethereum, Optimism, and Avalanche. By market size, Ethereum Core holds $378 million, EtherFi Cash on Optimism has $257 million, Ethereum Global Dollar has $75 million, Ethereum Prime has $63 million, Avalanche Core has $18 million, and Ethereum Plus has $15 million.
By deposit composition, weETH leads with $97 million, followed by USDG at $90 million, WETH and USDC at $81 million each, liquidETH at $77 million, liquidUSD at $58 million, and WBTC at $54 million. For comparison, Aave V3 deposits stand at $31 billion. V4 uses a hub-and-spoke system in place of V3’s market-per-pool design.
Aave V4 user deposits have reached $806 million, up 30% over the past seven days and setting a new all-time high, according to the protocol’s on-chain dashboard cited by ChainCatcher.
The deposit climb accelerated over less than a week. V4 deposits crossed $500 million on Aug. 19, passed $600 million on Aug. 21, and then moved beyond $800 million within the following six days. On Aug. 25, Ethereum V4 deposits alone exceeded $500 million.
Loan activity on V4
Active loans on V4 currently stand at $206 million. The EtherFi market accounts for $62 million in active loans, where weETH collateral supports WETH borrowing with utilization at 92%.
Breakdown by deployment
The current V4 market spans deployments on Ethereum, Optimism, and Avalanche:
- Ethereum Core: $378 million
- EtherFi Cash on Optimism: $257 million
- Ethereum Global Dollar: $75 million
- Ethereum Prime: $63 million
- Avalanche Core: $18 million
- Ethereum Plus: $15 million
Deposit composition
By asset mix, weETH ranks first at $97 million. USDG follows at $90 million. WETH and USDC each account for $81 million, while liquidETH stands at $77 million, liquidUSD at $58 million, and WBTC at $54 million.
V4 and V3 structure
For comparison, Aave V3 deposits stand at $31 billion. In architecture, V4 replaces V3’s market-per-pool design with a hub-and-spoke system.
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