Aave V4 deposits on Avalanche reach $224.5 million, active loans total $97.8 million
Key Facts
Deposits in the Aave V4 market on Avalanche reached about $224.5 million, while active loans stood at $97.8 million, according to data displayed on Aavescan when its market page was opened. The figures put deposits and loans among the leading developments tied to the fourth version’s deployment on the network. The page also showed a net increase in supply over recent periods. The most prominent figure in the market data remains the current deposit total, alongside the level of active loans.
Net supply change rose by $92.3 million over 7 days and $184.0 million over 30 days, according to Aavescan. The site defines this change as reflecting supply balances and their dollar prices, meaning the displayed reading combines the effects of quantities and prices. The comparison between the two periods shows the net addition recorded in each time window, without by itself meaning that all of the increase came from new cash deposits. The figures provide an indication of expanding activity in the market, alongside outstanding deposit and loan balances. The flow data therefore complement the picture of the market’s overall size.
USDT topped the list of deposited assets at $89.8 million, followed by USDe at $88.4 million, according to Aavescan data. The two figures show that these assets are the largest components of displayed deposits in the Avalanche Core V4 market. Aave Labs added USDe to the Core version on Avalanche during October, expanding the yield-bearing assets available in that version. The addition is directly relevant to the current deposit mix, with USDe ranking among the largest assets by value. The figures remain balances displayed when the page was opened, rather than a separate measure of net flows for each asset.
Aave launched the V4 market on Avalanche on 15 July 2026, its first multichain deployment of the version, according to an announcement by Aave Labs. The market was built on a Hub and Spoke structure, with liquidity and accounting consolidated in the Hub while Spoke modules manage lending and borrowing with isolated risk, according to protocol documentation. The company said the Core Liquidity Hub on Avalanche includes WAVAX, sAVAX, BTC.b, USDC, USDT, WETH.e and EURC, and that markets draw from this pool. The market has one Hub and Main, AVAX Correlated and Forex markets, according to the protocol’s change log. The structure allows different modules and markets to be managed around the core liquidity pool.
Total Aave V4 deposits surpassed $1.5 billion in an October update, setting a new record, according to Aave Labs. That figure places the Avalanche market, with $224.5 million, within broader expansion of the fourth version across markets, though the two figures cover different scopes: the first is total V4 deposits and the second is only the Avalanche Core market. In its third-quarter report, the company said V4 deposits rose from $212.6 million at the start of the quarter to $1.34 billion at its end, and surpassed $1 billion for the first time on 16 September. Total deposits in the version also reached a record $1.41 billion on 12 October, according to the report. These milestones show V4’s expansion before the October update announcing that deposits had surpassed $1.5 billion.
As for the next step, Aave Labs plans to launch the first Hub for tokenized real-world assets within V4 on Avalanche, with Tether’s USA₮ as a primary source of dollar liquidity, subject to governance approval. This means the proposed project would use the same network that hosts the current Core market, but remains a plan conditional on approval. The update did not specify a launch date. In its October update, the company also said it would continue adding assets to V3 and V4, support Babylon integration, and add position swaps and leverage to Aave Pro. These plans keep development focused on expanding assets and functionality across the protocol’s products.