Aave V4 Approaches $1B Deposit Milestone With New DeFi Architecture

TL;DR:

• Total deposits recorded on the official Aave V4 on-chain dashboard reached $806 million as of September 9, 2026, with peaks reported by the entity reaching up to $900 million.
• The EtherFi Cash market represents the second-largest liquidity component within the new version, with $257 million allocated.
• The previous version, Aave V3, maintains an operating base of $31 billion in deposits while liquidity migration progresses steadily.

So far in September, Aave has recorded a sustained increase in deposits for its V4 iteration, nearing the $1 billion mark. The protocol’s on-chain metrics dashboard placed user deposits at $806 million. These figures represent a 30% increase over a seven-day period, setting a record high for this version.

Aave V4 crossed $900 million deposits. pic.twitter.com/IXsXJDVUTB

- Aave (@aave) September 9, 2026

Meanwhile, internal metrics communicated by Aave placed total supplies above $900 million. However, independent trackers like DeFiLlama maintain an estimate closer to $399 million in strict total value locked (TVL) for this deployment, due to methodological differences in treating collateral assets and active loans.

… Continue reading the full article at the original source below.