Aave active loans climb to $12.6B as V4 pushes beyond DeFi
- —Active loans rose 8.1% to $12.6B; TVL up 13.9% to $31.4B
- —Aave V4 deposits jumped 92% to $1B, loans up 84.4% to $301.2M
- —Protocol revenue remains 66.6% below September 2025 levels
- —Ethereum accounts for 83.1% of TVL; WETH makes up 39.8% of loans
Why it matters: The loan and TVL rebound signals recovering demand, but a 66.6% revenue drop shows liquidity is not yet translating into income.
Source: Crypto News Flash