Aave V4 deposits have climbed above $800 million for the first time, extending a sharp August expansion across the protocol’s newest lending infrastructure.
Aave’s live onchain dashboard showed $806 million in user deposits, up roughly 30% over the past seven days and marking a new all-time high.
Growth accelerated throughout August. V4 deposits crossed $500 million on Aug. 19 and $600 million two days later before surpassing $800 million within another six days. Ethereum V4 deposits alone crossed $500 million on Aug. 25.
Borrowing activity has also increased, with V4 recording $216 million in active loans. The EtherFi market accounted for $62 million of those loans, with weETH collateral supporting WETH borrowing at 92% utilization.
Ethereum Core remained the largest V4 market with $378 million in deposits, followed by EtherFi Cash on Optimism with $257 million. Ethereum Global Dollar held $75 million, while Ethereum Prime accounted for $63 million.
