aave04
$AAVE
MCAP1.49B
+3.46%

what's aave?

Aave is a leading DeFi crypto lending protocol with over $50 billion in net deposits and a market cap of $4.07B. The project generated over $90M in fees during September 2025, setting pace for a monthly all-time high, though only $12M stayed with the protocol. Active USDC loans have surged 150% since the start of the year, helping Aave maintain its leadership position in active loans within the DeFi space. The protocol is preparing to launch its V4 update by the end of 2025, promising a major transformation of the ecosystem. Aave has achieved significant growth on the Plasma network, reaching $5.5B market size in just 3 days and representing 81% of Plasma's total activity. The platform continues to expand with new features including liquidity incentives through Aave Arc and lower interest rates to attract more users.

Snapshot

Aave integrated by Kraken for yield, LI.FI for cross-chain, and reached $15.5B Pendle deposits.

contract

ethereum

hydration

optimistic-ethereum

huobi-token

fantom

near-protocol

harmony-shard-0

energi

sora

base

binance-smart-chain

avalanche

polygon-pos

arbitrum-one

1H ago
PARTNERSHIP

Kraken integrates Aave to power yield functionality in its platform.

4H ago
PARTNERSHIP

Integrated as one of 20+ vault protocols with LI.FI Protocol's unified DeFi Earn API for one-click cross-chain deposits across 60+ chains.

6H ago
ONCHAIN METRICSOfficial

Crossed $15.5 billion in all-time Pendle asset deposits and is the number one protocol for PT collateral.

1D ago
MARKET ACTIVITY

Achieved a +5% price move, leading top movers in the crypto market.

ONCHAIN METRICS

Reached $20M in deposits on Aave V4.

MARKET ACTIVITY

Added BTC.b, WETH, and wstETH as collateral options for borrowing MegaETH's USDm at interest rates below 0.02%.

TOKEN ECONOMICS

Integrated GHO stablecoin into the protocol through a governance vote, reshaping token demand.

ONCHAIN METRICS

GHO borrowing interest paid to Aave decreased 30% quarter-over-quarter on average since Q3 2025.

TEAM UPDATE

Hiring for a Talent Relations Partner position in Engineering.

ONCHAIN METRICS

Generated less than $12.4M in fees over the last 7 days, ranking below Hyperliquid Perps in onchain fee generation.

2D ago
TECH EVENT

Provides $1M account protection per user on Aave App.

TEAM UPDATE

Aave Labs commits to working exclusively on Aave-related products with full lock-in to the project.

FINANCIAL EVENT

Activated fee switch, generating $10-20M new revenue from swaps on Aave.com and Aave Pro, additional to existing protocol revenue.

REGULATORY

Holds UK EMI license and EU MiCA license via Push Virtual Assets Ireland, pursues global licenses for fiat onboarding.

FINANCIAL EVENT

Secured $42.5M funding. DAO approved $25M stablecoin grant plus 75,000 AAVE tokens to Aave Labs with 75% support.

FINANCIAL EVENT

MegaETH teased the launch of an incentive program for Aave users on its chain.

UNCATEGORIZED

Used as an example asset in a discussion of Hyperliquid's HIP-4 event futures proposal, where traders could buy on-chain CDS protection against an Aave exploit while cross-margining that position with AAVE perpetual futures.

3D ago
VISIBILITY EVENT

Transaction data from V3 was examined in a Bank of Canada research paper titled "DeFi Lending: Returns, Leverage, and Liquidation Risk"

TOKEN ECONOMICS

Raised frxUSD caps on V4 as part of its security-first launch strategy.

4D ago
RISK ALERT

Experienced a ~$50 million user loss on 2026-03-12 when a user swapped $50,432,688 worth of aEthUSDT for approximately 327 AAVE tokens (valued at ~$36,425) through the CoW Swap widget integrated in the Aave interface, resulting in 99.9% price impact due to extreme illiquidity in the USDT/AAVE trading pair.

ONCHAIN METRICS

GHO supply reached all-time high of $600M.

REGULATORYOfficial

Received SOC 2 Type II attestation for Availability, Confidentiality, smart contract, application, and ICT security.

TOKEN ECONOMICS

Has 95% of token supply unlocked, with minimal sell pressure from vesting schedules.

TEAM UPDATE

Departed key contributors, including ACI, and Risk manager who served 3 years.

ONCHAIN METRICS

Reached $1.48B in total deposits on Mantle, becoming the 3rd biggest market, larger than Base or Arbitrum.

VISIBILITY EVENT

Scheduled for appearance on Bell Curve podcast with Stani Kulechov to discuss Aave v4 within the next three weeks from April 9, 2026.

5D ago
PARTNERSHIP

Integrated with HeyAnon AI agent platform through Model Context Protocol (MCP), enabling AI agents to interact with Aave protocol for automated operations including swaps, deposits, withdrawals, and health monitoring.

ONCHAIN METRICS

Generated $1.53M in protocol fees over 24 hours as of April 11, 2026, ranking 5th in DeFi.

ONCHAIN METRICSOfficial

Reached $13.5M net TVL on V4 Ethereum in its first 14 days; TVL was $7.6M on April 9, 2026.

ONCHAIN METRICS

Sits at $25 billion TVL, representing 30% of total DeFi TVL.

TOKEN ECONOMICS

Passed "Aave Will Win" governance proposal, unifying 100% of revenue from all Aave-branded products to AAVE token and DAO treasury. Revenue supports staking, fee sharing, and buyback pilots.

OPINION SPECULATION

Grayscale's Zach Pandl states that Aave could become a household name.

6D ago
TECH EVENTOfficial

Confirmed no technical blockers for Aave V3.6 deployment on Monad.

ONCHAIN METRICS

Reached over $123 million in wrsETH supplied on Aave V3 Mantle market, reported as the fastest growing asset on that market.

TOKEN ECONOMICS

Boosted rewards for wrsETH on Aave V3 Mantle market end on 2026-04-15.

OPINION SPECULATIONOfficial

Launched V4 April 9, 2026, with hub-and-spoke architecture supporting over 20 assets across three liquidity hubs, risk isolation, Aave Shield (blocks swaps >25% price impact), and a reinvestment feature generating yield from float capital. Incentives remain allocated to V3.

ONCHAIN METRICS

Crossed $10 billion in deposits on V4.

TECH EVENTOfficial

Increased V4 core ETH, rsETH, and other asset deposit caps; other assets and borrowing remain available.

TECH EVENT

All new features and protocol extensions are planned for V4, with no contributions from BGD to V4 development.

ONCHAIN METRICS

Aave Horizon has reached a market size where Grove's allocation represents 38% of it, as part of Grove's $3.1B RWA portfolio.

TECH EVENT

LBTC is integrated on Aave V4, enabling LBTC looping and stablecoin borrowing use cases.

PARTNERSHIP

DAO approved Reental's community lending market (Reenlever) via public governance vote, integrating Aave's security layer to support real estate-backed USDT lending at 12% APY.

1W ago
VISIBILITY EVENT

Participated in an in-person industry gathering with other DeFi protocols including Compound, Curve, Euler, Spark, and others during the week of March 31 to April 6, 2026.

PARTNERSHIP

Integrated $100M JAAA (AAA CLOs from Centrifuge) strategy as collateral on Aave Horizon with Centrifuge.

PARTNERSHIP

Integrated with Mantle (MNT) L2 Q1 2026, enabling natural language DeFi operations alongside LiFi Protocol.

PARTNERSHIP

PT-Strata will be listed on Aave V4.

ONCHAIN METRICS

V3 USDC lending rates pushed above 10% in 2024.

ONCHAIN METRICS

Market-wide base APY reached parity with the Fed Funds Rate recently.

OPINION SPECULATION

Broke below $90 support level on April 7th, 2026, falling to a near 2-year low.

MARKET ACTIVITY

Integrated Pendle Plasma PT tokens: sUSDe (18 JUN 2026), USDe from Ethena (18 JUN 2026), srUSDe from Strata Markets (25 JUN 2026), and PT-USDG as collateral on V3.

ONCHAIN METRICS

Cumulative deposits exceeded $2.5 trillion and liquidations exceeded $2 billion over three years with zero bad debt.

ONCHAIN METRICS

Generated $2.18M in fees over 24 hours as of April 7, 2026, with an annualized rate of $727.83M.

MARKET ACTIVITYOfficial

Increases supply caps for wrsETH on Aave V3 Mantle market.

ONCHAIN METRICS

Generated $140M protocol revenue to Aave DAO in 2025, with 2026 on track to match. Maintains $3M risk management budget.

TEAM UPDATE

Chaos Labs stepped down as risk manager for V2 and V3, effective April 7, 2026, with LlamaRisk inheriting mandate for oracles, vaults, and risk parameters.

FINANCIAL EVENT

Hosts a rewards campaign on V3 Core market for rsETH-ETH looping in E-Mode with up to 9% rewards, running from April 3 to May 1, 2026.

VISIBILITY EVENT

Ranked 4th in Santiment's top 10 DeFi projects and 1st in top Yield Farming projects by development activity for April 2026, increasing ranking from previous month.

WHALE ACTIVITY

A trader sold 13,150 AAVE tokens worth $1.21 million on 2026-04-05.

ONCHAIN METRICS

sGHO grew by 1.6x over the 180-day period ending April 5, 2026.

ONCHAIN METRICS

Generated $4.2M USD in fees from Chainlink SVR in February 2026.

TECH EVENT

Launched a lending market on MegaETH chain supporting BTC.b, WETH, and wstETH as collateral assets, with USDm as a borrowable native stablecoin at under 0.02% interest rate.

PARTNERSHIP

Integrated with Chainlink standard as part of a recent adoption update covering 18 integrations across 9 services and 22 chains.

TECH EVENT

Deployed on X Layer; enabled aToken trading directly on OKX's DEX without requiring withdrawal from Aave.

ONCHAIN METRICS

Generated $1.5 million in fees over 24 hours on April 6, 2026.

ONCHAIN METRICS

Generated $194,142 in revenue over 24 hours as of April 6, 2026.

PARTNERSHIPOfficial

Integrated with Whop.

ONCHAIN METRICS

Reached $42.34 billion TVL in March 2026, a 45.45% year-over-year increase, equivalent to OKX or Bybit's AUM.

ONCHAIN METRICS

Reached $17.409 billion in borrowed amounts in the last 30 days, representing over 50% of all borrowed capital in DeFi lending protocols.

ONCHAIN METRICS

Generated $43.94 million in fees during March 2026, representing a 9.01% year-over-year increase.

ONCHAIN METRICS

Generated $6.64 million in revenue during March 2026, representing a 7.79% year-over-year increase, driven by steady borrowing and lending demand in its DeFi money markets.

ONCHAIN METRICS

Reached 114,400 monthly active users in March 2026, representing a 2.10% year-over-year increase.

REGULATORYOfficial

Bank of Canada published 38-page report on Aave as primary case study, finding it technically and operationally viable with proper governance while highlighting constraints including reliance on crypto cycles, value capture mechanisms, and overcollateralization requirements.

ONCHAIN METRICS

Generated $303,255 in revenue over 24 hours on April 7, 2026.

TECH EVENT

Implements Aave Savings Rate (sGHO product) with fixed 4.25% APR and ERC-4626 vault during the week of April 6-13, 2026.

ONCHAIN METRICS

Holds approximately $40 billion in total value locked mid-2025 across 14+ chains.

ONCHAIN METRICS

Processed $210 million in liquidations on February 4, 2025 with zero new bad debt, the largest liquidation event since 2022.

ONCHAIN METRICS

Accumulated $2M bad debt and secured trillions in cumulative deposit and borrow volume since early 2020.

ONCHAIN METRICS

Generated $22.6 million in Q4 2025, the highest quarterly earnings in protocol history, but down 38% compared to Q3 2025.

RISK ALERT

Some Layer 2 deployments including zkSync, Soneium, and Celo are operating at a net loss.

ONCHAIN METRICS

Reached $26 billion TVL with zero bad debt under Chaos Labs risk management.

ONCHAIN METRICS

Holds approximately $160.9 million in DAO treasury assets, with about $100.6 million in non-AAVE assets

ONCHAIN METRICS

Holds approximately 62% market share in DeFi lending.

ONCHAIN METRICS

Reached $33.58 billion in TVL on April 7, 2026.

ONCHAIN METRICS

Generated $2.18 million in fees during the 24-hour period ending April 4, 2026.

ONCHAIN METRICSOfficial

Launched V4 with new features and protocol extensions, distinct from V3, on Aave address book, reaching $9M deposits within one week.

ONCHAIN METRICS

Has $8.3M in idle capital deployed on the platform as part of the Total Value Verified (TVV) metric for 3Jane's unsecured lending product.

ONCHAIN METRICS

39% of borrowing leverages ETH staking as of 2025.

ONCHAIN METRICS

11.6% of borrowing on Aave loops Ethena USDe as of 2025.

ONCHAIN METRICS

Yields 2% APY on USDC/USDT as of 2025.

RISK ALERT

Suffered an exploit resulting in $862,000 loss on Aave V3 during Q1 2026.

FINANCIAL EVENT

Proposes $51M budget for Aave Labs: $25M stablecoins, 75,000 AAVE, $17.5M growth grants, following December 2025 governance dispute with DAO over revenue diversion.

TEAM UPDATE

BGD Labs departed late 2025; ACI departs 2026-03-03. Absorbed 40 functions from both teams.

ONCHAIN METRICS

Serves as DeFi layer for RWA collateral, contributing to growth from $33M to $2B over one year alongside Morpho and Sky Ecosystem.

ONCHAIN METRICS

Generated $202,243 in revenue over 24 hours as of April 3, 2026, following $208,254 on April 2.

PARTNERSHIP

Receives 10M USDe deployment into liquid leverage via OlympusDAO's OIP-195 proposal with net yield directed to OlympusDAO's Yield Reserve Fund for buybacks

ONCHAIN METRICS

Achieved $209.7M tBTC supplied on V3 Ethereum as of April 1, 2026.

ONCHAIN METRICS

Achieved $167.4M LBTC supplied on V3 Ethereum as of April 1, 2026.

2W ago
ONCHAIN METRICSOfficial

Deployed on Mantle L2 with an 8M MNT incentive program from Mantle; deposits crossed $1.45 billion with Token_Logic.

ONCHAIN METRICS

Mantle became the 4th chain to surpass $600 million in USDT supply on Aave.

ONCHAIN METRICS

Reached over $110M in wrsETH supplied by KelpDAO on Aave v3 Mantle market.