Aave V4 deposits top $1B, doubling in a month
- —Aave V4 deposits grew from under $340M in early August to $1.16B
- —Active loans in V4 total $300–310M, implying ~26% utilization
- —The Ether.fi Cash market on Optimism topped $300M in deposits
- —Aave V3 holds about $31B, so V4 accounts for under 4% of deposits
Why it matters: The rapid V4 ramp-up validates demand for its modular hub-and-spoke design, though it remains a small slice of V3's $31B.
Source: Crypto Briefing