Aave V4 tops $1 billion in deposits as multisig drives cap increases

• —Aave V4 launched on Ethereum on March 30, 2026, using a Hub and Spoke architecture
• —V4 deposits reached roughly $1 billion, while V3 remains above $30 billion
• —Cap increases are executed by the Security Council multisig in hours instead of a two-week vote
• —LlamaRisk issues risk recommendations; Chaos Labs exited the process in spring 2026