Aave's V4 Protocol Approaches $1 Billion in Deposits
Aave’s fourth-generation (V4) decentralized finance lending platform is nearing the $1 billion deposit milestone, just under six months after its mainnet launch. As of now, Aave reports over $900 million in total assets supplied to V4, though independent trackers like DeFiLlama show a lower figure due to differences in methodology and coverage. V4 introduces a Hub-and-Spoke architecture that replaces the siloed pools from previous versions with shared liquidity across different markets. This design allows for deeper liquidity while isolating risk between segments such as Core, Prime, Plus, and others. The protocol has experienced 131% growth in deposits over the past month alone. Despite this rapid adoption, V4 still represents a small portion of Aave’s total supplied assets across all versions and chains, which amount to around $30 billion.
