Aave v4 has reached $300 million in deposits across its Ethereum and Avalanche deployments, according to data from the protocol. The figure, recorded as of July 23, 2026, represents total value locked in lending pools on both chains since the version went live.
Two chains, one milestone
Aave v4 is the fourth major iteration of the decentralized lending protocol. It launched on Ethereum mainnet earlier this year, followed by an Avalanche deployment. The $300 million total includes deposits from both networks, with Ethereum accounting for the majority. Avalanche's share has grown as users seek lower transaction fees.
Crossing $300 million in deposits signals that users are willing to move capital to the new version. The milestone comes as DeFi activity picks up, though the broader market remains cautious. Aave v4's early numbers suggest the upgrade is gaining traction among lenders and borrowers.
Aave's governance community will decide on any further v4 deployments. No proposals have been made public yet, but developers are expected to discuss expansion to other networks in the coming weeks.
