Crypto
Aave V4 Deposits Hit Record $806 Million as Adoption Surges
Aave V4 deposits reached a record $806 million on August 27, representing a 30% increase in just seven days.
The surge in deposits came after Aave V4 passed $500 million on August 19 and then exceeded $600 million two days later. The platform's active loans hit $206 million, with $62 million of that coming from the EtherFi market, which had a utilisation rate of 92%.
The largest individual deposit asset in Aave V4 was WeETH, accounting for $97 million, followed closely by USDG at $90 million and WETH and USDC at $81 million each.