Aave V4 deposits increased to $806 million, 30 per cent by 7 days

On 28 August, the dashboard on the Aave chain showed that Aave V4-user deposits had grown by 30 per cent on a record high of US$ 806 million, with active loans of US$ 216 million. The current V4 deployment covers Etheleum, Optimism and Avalanche, of which Etheleum Core deposits $378 million, EtherFi Cash on Optimism $257 million, Etheleum Global Dollar $75 million and Etheneum Prime $63 million. Aave V3 user deposits remained on a scale of $31 billion, of which Etheum Core was $25 billion. According to the Aave file, V4 uses the hub-and-spoke system to centralize liquidity and accounting treatment and to establish independent borrowing rules and risk limits for different markets. (The Defiant)