Aave's Tokenized Assets Take Off with $9M Stock Lending Milestone

Aave's AAVE token surged 11.5% as the protocol's V4 stock-backed lending market exceeded $9 million in deposits, a significant milestone in the growth of tokenized assets.

The market, which allows users to deposit tokenized equities from Coinbase, including Apple, Amazon, and Tesla, has attracted a large whale buyer who acquired $6.3 million worth of AAVE.

Aave's V4 has also reached a major usage milestone, with cumulative loan volume surpassing $1.1 trillion, and the protocol has processed more than $34 billion in assets supplied and $13.3 billion borrowed.