Aave

24h change: -1.51%. From $137.10 to $135.02.

• Aave has opened three isolated markets on Ethereum managed by institutional platform Sentora. These allow borrowing of stablecoins like RLUSD, PYUSD and OUSD against yield-bearing and blue-chip collateral. Sentora sets risk parameters while Aave governance retains control through timelocks and asset reviews. The development tests specialized lending without affecting core liquidity pools and supports broader institutional participation in DeFi.
• Aave announced Aavenomics 3.0 which reintroduces buybacks, staking and token burns funded by protocol revenue. The buyback program has an annual budget of around $50 million. This aims to better align the AAVE token with the protocol's financial performance. The update accompanies V4's modular hub-and-spoke architecture and expansion into tokenized real-world assets.
• An institutional wallet inactive for over a year moved 156,690 AAVE worth approximately $23 million, with a portion deposited to exchanges. This has coincided with a roughly 4.5 percent price decline in 24 hours. The protocol continues to show strength with high TVL and new feature rollouts. Market participants are monitoring whether the transferred tokens lead to further selling.

24h change: -7.11%. From $146.43 to $136.02.

• Sentora launched three isolated markets on Ethereum allowing users to borrow RLUSD, PYUSD and OUSD against yield-bearing and blue-chip collateral. The hub-and-spoke model lets the external manager set risk parameters, collateral rules and strategies while Aave governance retains contract ownership, enforces timelocks and reviews assets. This tests specialized lending without impacting core liquidity pools and expands institutional access to DeFi. Citi Research highlighted Aave's role in tokenized asset infrastructure with its Base equities hub already seeing significant activity.
• Aave announced Aavenomics 3.0 which includes a revived buyback program with an annual budget of around $50 million funded by protocol revenue. Repurchased AAVE tokens will be split between a staking incentives pool for governance participants and a burn address. This aims to better align token value capture with protocol performance. The update was shared alongside details on V4 modular architecture progress including the equities hub on Base.
• Aave Labs proposed upgrading V3 to version 3.8 across 16 networks including Ethereum, Base, Arbitrum and Polygon. The main change adds a reentrancy guard on Pool operations during external callbacks using Ethereum transient storage per EIP-1153 for minimal gas overhead. It is described as a minor non-invasive security hardening with no new features. The proposal is in the ARFC stage pending community feedback, audits, Snapshot vote and on-chain AIP.

24h change: -1.56%. From $148.08 to $145.77.

• Sentora has launched the first externally curated markets on Aave V4 as an institutional DeFi platform. The three isolated markets on Ethereum let users borrow RLUSD, PYUSD and OUSD against assets including USDe, PRIME, mWIN, PST and kBTC. Sentora handles risk parameters, collateral selection and strategies while Aave governance retains contract ownership, enforces timelocks on risk changes and reviews new assets. This deployment tests the hub-and-spoke architecture for specialized lending without affecting core liquidity pools.
• Aave Labs has proposed upgrading Aave V3 to version 3.8 with a reentrancy guard on Pool operations during external callbacks. The guard uses Ethereum transient storage per EIP-1153 to maintain accounting consistency with minimal added gas cost. It targets active V3 deployments on 16 networks including Ethereum, Avalanche, Base, Arbitrum and Polygon. The non-invasive change is currently in the ARFC stage, pending community feedback, audits, a Snapshot vote and an on-chain AIP.
• Citi Research has described Aave as a leading collateral mobility protocol for tokenized capital markets and real-world assets. Aave V4 equities hub on Base accounts for over half of Coinbase tokenized stock deposits with significant active loans. Protocol inflows have increased in recent days even as active loans remain below prior highs following an April incident. The AAVE token has traded below $150 after rejecting from around $187, showing a disconnect between protocol developments and recent price action.

24h change: -4.36%. From $154.26 to $147.54.

• Aave V4's equities hub on Base lets eligible non-US users deposit tokenized shares of companies like NVDA and AAPL as collateral to borrow USDC in an isolated market. Data shows Aave V4 accounting for over half of Coinbase stock-token deposits on Base with hundreds of millions in active loans across V4 deployments and quarterly revenue in the millions. The hub-and-spoke architecture supports specialized risk parameters for different asset types without fragmenting liquidity. Citi Research has identified Aave as a leader in tokenized financial infrastructure.
• Aave Labs proposed V3.8, a security-focused upgrade that introduces a reentrancy guard on Pool operations during external callbacks using transient storage from EIP-1153. The change hardens accounting consistency with low gas overhead and is non-invasive. It targets deployment across major chains including Ethereum, Base, Arbitrum, Avalanche and others after governance votes and audits. Securing Aave V3 remains a top priority for the team.
• Babylon Labs submitted a proposal to let users borrow stablecoins on Aave V4 using native BTC locked in trustless vaults on the Bitcoin network. The design keeps BTC on its native chain while using a non-transferable representation on Ethereum with dedicated spokes for borrowing and liquidations under the hub-and-spoke model. Aave DAO would receive initial revenue share with potential token buybacks. The proposal remains in the request for comments stage with risk reviews and votes ahead.

24h change: -0.33%. From $154.56 to $154.05.

• Aave has launched V4 on Avalanche as its first multi-chain deployment beyond Ethereum introducing core hub with main forex and AVAX correlated spokes. On Base the equities hub now supports seven Coinbase tokenized stocks including NVDA and AAPL as collateral for borrowing USDC in an isolated market. Protocol data shows V4 deposits reaching over $1 billion with hundreds of millions in active loans and quarterly revenue in the millions. The architecture allows specialized risk parameters for different collateral types without fragmenting overall liquidity.
• Babylon Labs submitted an ARFC to onboard native Bitcoin as collateral on Aave V4 using trustless Bitcoin vaults that keep BTC locked on its native chain. Users would borrow stablecoins against a non-transferable representation on Ethereum with dedicated spokes for borrowing and liquidations under a hub-and-spoke model. The proposal includes revenue sharing with the Aave DAO receiving the first $500,000 in qualifying revenue and potential token buybacks. It remains in the comments and risk review stage ahead of Snapshot and on-chain votes.
• Citi Research has identified Aave as a leading application for tokenized financial infrastructure with particular focus on collateral mobility. The Base V4 equities hub has seen deposits of tokenized stocks and new users borrowing against them. This aligns with broader growth in real-world asset integration where Aave V4's modular design supports customized markets for assets like tokenized equities treasuries and funds. Protocol TVL stands near $14-17 billion across deployments with V4 contributing increasing revenue.