aave04
$aave
MCAP1.66B
+2.37%

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

Founder acquired AAVE tokens; protocol had $4.6B liquidations, $4.73M revenue, RLUSD deposits grew.

contract

ethereum

hydration

optimistic-ethereum

huobi-token

fantom

near-protocol

harmony-shard-0

energi

sora

base

binance-smart-chain

avalanche

polygon-pos

arbitrum-one

42MIN ago
ONCHAIN METRICS

RLUSD borrow rate on Ethereum is approximately 3.58% variable as of February 2026.

48MIN ago
ONCHAIN METRICS

Generated roughly 2× more annual revenue than the other top 10 lending protocols combined.

2H ago
MARKET ACTIVITY

wrsETH became available for trading and liquidity provision on Merchant Moe DEX on the Mantle network.

10H ago
ONCHAIN METRICS

Liquidated $500M in collateral automatically during the week ending February 11, 2026.

13H ago
PARTNERSHIP

IPOR published a pre-integration preparation article for integrating with Aave.

ONCHAIN METRICS

Offers 9% yield with $1 million protection.

15H ago
PARTNERSHIP

Integrated Centrifuge's JAAA and JTRSY tokens into Aave Horizon.

PARTNERSHIP

Integrated with Theoriq's AlphaVault 2.0 upgrade, which added leveraged looping functionality on Aave alongside Pendle integration.

PARTNERSHIP

Integrated with Chainlink Scale oracle on mainnet launch, providing day-one access to Aave, GMX, and Lido wstETH price feeds.

16H ago
TECH EVENT

Expands to Mantle network.

TECH EVENT

Launched v3 on Mantle on February 11, 2026.

ONCHAIN METRICS

Reached approximately $30 million in additional TVL following the listing of PT-srUSDe a few days prior to February 11, 2026.

19H ago
VISIBILITY EVENT

Co-founder Stani is an angel investor in Aztec Network.

21H ago
ONCHAIN METRICS

Earns $157 million in annualized revenue and deploys it into structured buybacks.

1D ago
TECH EVENT

Completed security audit by Trail of Bits for Aave V4.

UNCATEGORIZED

Proposes mandatory compensation disclosures and stricter conflict-of-interest voting norms to strengthen transparency and ethical governance across the DAO.

TECH EVENT

Deployed on MegaETH network on February 10, 2026.

WHALE ACTIVITY

Garrett Jin repaid a loan on Aave using 77.48M USDT withdrawn from Binance.

TEAM UPDATE

Hiring for three positions: Senior Graphic Designer (EU/UK), Consumer Product Marketing Manager (SF, NYC, London), and Senior Event Marketing Manager (London).

TOKEN ECONOMICS

Increased token buybacks by 52% during recent market volatility while token price declined 23%.

2D ago
ONCHAIN METRICS

USDT lending on V3 Ethereum has reached $6B supply at 1.87% APR, while USDC has reached $4B supply at 2.23% APR, with both yields declining due to reduced borrowing demand.

ONCHAIN METRICS

Share of DeFi TVL grew from approximately 8% to 28% over the past two years.

ONCHAIN METRICS

ETH deposits on the Ethereum Core market reached an all-time high in January 2026.

PARTNERSHIP

Integrated as the underlying protocol for Flying Tulip's ftUSD stablecoin at launch, functioning as a USDC wrapper.

PARTNERSHIP

Serves as the primary yield deployment venue for Flying Tulip's $1 billion deposit cap, where 100% of depositor funds are currently allocated.

MARKET ACTIVITY

New Ethena markets, including PT-srUSDe, are scheduled to launch on Aave in May 2026.

TEAM UPDATE

Hiring a Staff DevOps Engineer for a full-time remote position in Australia, New Zealand, or Singapore.

ONCHAIN METRICS

Flayer Labs supplies over 5% of the total ETH deposited in Aave on Base as of February 9, 2026.

3D ago
ONCHAIN METRICS

Surpassed Klarna in AUM, reaching $18.6 billion.

ONCHAIN METRICS

Experienced a crash during the February 2026 market downturn, with the project categorized among DeFi blue chips that were "hammered" in the crash alongside UNI and MKR.

ONCHAIN METRICS

Reached peak TVL of over $74 billion in 2025.

WHALE ACTIVITY

Trend Research liquidated 651,757 ETH ($1.34 billion) from $1.2 billion ETH longs with a $1,835 liquidation level, moving to Binance between February 5-9, 2026, resulting in an estimated $747 million loss at an average exit price of $2,055.

WHALE ACTIVITY

Received $588.3M in whale inflows over a 24-hour period ending on 2026-02-08.

TECH EVENT

Supports agentic credit lines as AI borrows funds.

5D ago
WHALE ACTIVITY

Founder Stani.eth acquired 3,072.7 AAVE tokens by swapping 1,700 ETH (valued at $3.53 million) through single-sided liquidity provision over a 13-hour period ending on 2026-02-07.

ONCHAIN METRICS

Crossed $4.6 billion in all-time cumulative liquidations as of February 5, 2026.

ONCHAIN METRICS

Generated approximately $4.73M in revenue from Chainlink SVR integration on Ethereum Core V3 market in the past week, with SVR recapturing non-toxic liquidation MEV and returning value to the protocol.

ONCHAIN METRICS

RLUSD deposits on Aave increased by approximately 300% in H2 2025, from approximately $200M to approximately $800M.

6D ago
WHALE ACTIVITY

Founder Stani Kulechov sold 4,503 ETH ($8.36M) at $1,857 on February 5th, 2026.

WHALE ACTIVITY

A whale deposited 9,484.5 ETH into Aave after previously selling 6,899.5 ETH at an average price of $2,052.

WHALE ACTIVITY

World Liberty Financial sold $11.7M in wrapped Bitcoin on February 5th, 2026 to avoid liquidation on its Aave USDC loan position.

TECH EVENT

LlamaRisk published research on Aave V4 Reinvestment Controller designed to boost capital efficiency.

ONCHAIN METRICS

DAO treasury reached $89 million.

PARTNERSHIP

Integrated with Rabby mobile app to enable borrowing and earning yield directly within the app.

1W ago
TECH EVENT

deployed on Base Sepolia testnet with deposit, borrow, repay, and withdraw functionality

ONCHAIN METRICS

GHO stablecoin generated approximately $14 million in annualized revenue by end of 2025.

ONCHAIN METRICS

Reached over $50 billion in total deposits across all deployments.

TECH EVENT

Voting to shut down deployments on zkSync, Metis, and Soneium due to low usage and lack of organic growth.

TEAM UPDATE

Founder Stani Kulechov purchased a £22 million Victorian mansion in London's Notting Hill in November 2025.

WHALE ACTIVITY

Experienced significant liquidations of large BAL positions overnight, leading to notable price volatility.

TECH EVENT

Deployed GHO on Mantle network, leveraging Bybit's user base with 10 million MNT and GHO allocated as incentives.

ONCHAIN METRICS

Liquidated over $140M in collateral across multiple networks on January 31, 2026 during a market stress test, with all liquidations executed automatically without issues.

VISIBILITY EVENT

Will be supported on Lighter EVM, a new platform launching EVM support to enable DeFi applications including Aave to run on its infrastructure.

RISK ALERT

experienced delayed liquidations on October 10, 2025, due to Ethereum mainnet congestion during a flash crash, with some users unable to add collateral or repay in time due to transaction fees reaching $400-$600+ for complex DeFi actions, leading to forced closures at unfavorable prices.

PARTNERSHIP

Integrated with Lombard Finance's LBTC token, providing DeFi composability alongside other protocols including Morpho, Pendle, Curve, and Uniswap.

2W ago
ONCHAIN METRICS

Ranks third by 7-day fee generation, behind USDT and USDC, and ahead of HYPE and JUP, as of January 28, 2026.

OPINION SPECULATION

Uses a buyback token revenue model with a 75x price-to-revenue multiplier, compared to fee-sharing protocols with lower multipliers.

MARKET ACTIVITY

Added syrupUSDC as a new asset on Base deployment with an initial deposit cap of $50M.

ONCHAIN METRICS

Reclaimed over 50% of the DeFi lending market share for the first time since 2020.

WHALE ACTIVITY

A whale deposited 61,000 ETH (valued at $174.3 million) into Aave and borrowed 60 million USDC from Aave on January 26, 2026.

PARTNERSHIP

Integrated with Otto AI's "Earn Yield" service on Virtuals ACP, enabling natural language deposits to Aave vaults across 6 chains.

VISIBILITY EVENT

Included in a tier list of crypto narratives for 2026 under "Neo Finance" S-tier category alongside tokenized commodities, insurance, stocks, yield-bearing stables, and sustainable yields from profitable businesses.

PARTNERSHIP

Integrated with Maple Finance on Ethereum, Base, and Plasma, accepting syrupUSDC and syrupUSDT as collateral, launched September 2025.

3W ago
VISIBILITY EVENT

Ranked 7th among top 10 DeFi projects by development activity in January 2026 according to Santiment, maintaining the same position as the previous month.

TEAM UPDATE

Transitioning Lens Protocol stewardship to a new team focused on decentralized social and encrypted communication features.

TECH EVENT

Credit delegation feature is now live on Aave through integration with Twyne.

ONCHAIN METRICS

ETH borrowing rate on Aave is between 2%-2.3%.

WHALE ACTIVITY

Trend Research deposited 9,939 ETH (worth $30.85M) into Aave V3 and borrowed $20M USDT against it.

WHALE ACTIVITY

Trend Research holds total borrowings of 1 billion USDT on Aave with 636,819 ETH ($1.98 billion) deposited as collateral.

WHALE ACTIVITY

A newly created wallet (0x919c) deposited 6,000 ETH (approximately $19.03M) into Aave on 2026-01-20.

TECH EVENT

Deployment to X Layer is in progress.

ONCHAIN METRICS

Eth Mainnet lending rate is 1.27% APY as of January 19, 2026.

ONCHAIN METRICS

Approached $1 trillion in total loans originated since launch as of January 2026.

VISIBILITY EVENT

Published a technical analysis evaluating the suitability of megaETH network for potential Aave protocol expansion following positive community signal.

ONCHAIN METRICS

Has approximately $23.7 billion in active loans across all deployments, with approximately $19.4 billion of those on Ethereum mainnet.

1M ago
FINANCIAL EVENT

Launched USDG incentives program on January 14, 2026.

ONCHAIN METRICS

Reached over $400 million in PYUSD deposits on the protocol.

TEAM UPDATE

Hiring for three staff-level positions: Partner Solutions Architect in London/NY, Staff DevOps Engineer in Australia/New Zealand/Singapore, and Staff React Native Engineer in the US.

TOKEN ECONOMICS

Proposes revenue distribution to token holders.

ONCHAIN METRICS

Market cap and holder count increased approximately 200% over the past year (from January 2025 to January 2026).

ONCHAIN METRICS

TVL doubled from January 2025 to January 2026.

VISIBILITY EVENT

Mentioned as an example of a DeFi application that banks could integrate with tokenized deposits for future composability, in context of GENIUS Act discussion.

PARTNERSHIP

partnered with Babylon Labs to build the first native BTC-borrowing on Aave v4, enabling BTC lending and borrowing without wrappers and bridges

MARKET ACTIVITY

Listed as a spot trading asset on Lighter exchange alongside UNI, LINK, SKY, and LDO.

PARTNERSHIP

Partnered with CoW DAO in 2025 to enable smoother trading across DeFi.

WHALE ACTIVITY

$1 billion USDT was withdrawn from Aave on Ethereum and moved to HTX Global on the Tron chain.

VISIBILITY EVENT

Mentioned as a DeFi protocol that can be used anonymously through RAILGUN_Project's EVM privacy layer.

MARKET ACTIVITY

Queued PT-USDe and PT-sUSDe (April 2026 maturity) markets from Pendle for execution on Aave on Plasma on 2026-01-07.

TOKEN ECONOMICS

Reduced token emissions via the Umbrella upgrade.

RISK ALERT

A compromised multisig wallet withdrew 1,000 ETH ($3.24M) from Aave as part of a $27.3M exploit, with the attacker still holding a $9.75M leveraged long position on the platform ($20.5M in ETH against $10.7M in DAI).

PARTNERSHIP

Boosting yields for verified humans on SelfProtocol with 10-12% APY on WETH and USDT.

ONCHAIN METRICS

ETH deposited on Ethereum mainnet reached an all-time high.

VISIBILITY EVENT

Plans to launch Aave App targeting mainstream adoption of DeFi savings features in 2026.

PARTNERSHIP

Joined the Ethereum Protocol Advocacy Alliance in 2025 alongside Uniswap, Lido Finance, Curve Finance, Aragon Project, and Spark, a coalition of protocols powering over $100 billion in onchain assets focused on policy advocacy.

MARKET ACTIVITY

RLUSD lending market is live on Aave core on Ethereum with 5% APR.

ONCHAIN METRICS

Reached $87 billion in trading volume during 2025, starting from $2.5 million average daily volume on January 1st, 2025.

MARKET ACTIVITY

Bitwise submitted an application to the U.S. SEC for a Bitwise AAVE Strategy ETF on December 30, 2025.

WHALE ACTIVITY

Deposited 8,900 AAVE tokens (approximately $1.34M) into Coinbase Prime on December 29, 2025

WHALE ACTIVITY

ParaFi transferred approximately $30 million worth of AAVE tokens (representing 1% of total supply) to Coinbase on December 27, 2025.

MARKET ACTIVITY

Enabled E-Mode for wrsETH and WETH on Aave v3 Base market, increasing LTV and capital efficiency for looping strategies.