Aave V4 Passes $1B In Deposits As Arc And Base Deployments Expand
Summary
Aave Labs reported that Aave V4 exceeded $1 billion in deposits and reached about $310 million in active loans during September. The lending protocol expanded to Circle’s Arc network, offering USDC, EURC, cirBTC and WETH, and to Base, where an Equities Hub accepts seven Coinbase tokenized stocks as collateral and allows borrowing only in USDC. These deployments use V4’s hub-and-spoke architecture to separate markets with different risk profiles. The growth shows users are supplying and borrowing meaningful capital, though it remains uncertain whether specialized markets can scale without fragmenting liquidity.
