Aave's V4 Deposits Hit Record High of $806 Million Amid 30% Weekly Surge

Aave's V4 deposits have reached $806 million after experiencing a significant surge in growth. Over the past week, deposits jumped by 30% and set a new all-time high above $800 million.

This increase marks the latest development in Aave's August climb. On August 19, V4 deposits crossed $500 million, followed by $600 million on August 21, before surpassing $800 million just six days later.

Ethereum V4 deposits alone have reached $500 million, according to a separate announcement. The EtherFi Cash market is the second-largest contributor to V4's current market.

The market is also supporting borrowing, with $216 million in active loans on Aave's live onchain dashboard. Additionally, there are $62 million of active loans in the EtherFi market, where weETH collateral backs WETH borrowing at 92% utilization.