Aave

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.

24h change: +3.42%. From $148.00 to $153.06.

• Babylon Labs has moved its proposal to let users borrow stablecoins on Aave V4 using native BTC locked in trustless vaults on the Bitcoin network. The design keeps actual BTC on its native chain while using a non-transferable representation on Ethereum and 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 further risk reviews and votes required.
• Citigroup report states it is no longer sufficient to view Aave only as a crypto-native lending protocol. As tokenized assets expand, Aave V4, Horizon, and GHO position it as a decentralized collateral liquidity protocol linking tokenized assets with financing. This includes practical use of tokenized assets for collateralized borrowing and re-collateralization. The analysis sees Aave providing insights into future tokenized capital markets and securities financing.
• Aave V4 has launched on Base with an Equities Hub using Coinbase tokenized stocks like NVDA and AAPL as collateral for USDC loans. Protocol deposits reached 33.6 billion dollars with over 450 million dollars in active V4 loans and Q3 revenue of 18.9 million dollars. Modular hub-and-spoke design allows specialized markets without fragmenting liquidity. New deployments on Avalanche, Arc, and integrations like Circle Mint for cirBTC collateral demonstrate continued ecosystem growth.

24h change: -1.70%. From $151.92 to $149.34.

• Babylon Labs submitted a request for comments in mid-October to integrate native BTC as collateral on Aave V4 using trustless vaults on the Bitcoin network. The design employs the hub-and-spoke model with dedicated spokes for borrowing and liquidation settlement paid in wrapped BTC while keeping the actual Bitcoin on its native chain. It includes revenue sharing for the Aave DAO and is undergoing risk assessment, community feedback, and further governance votes before potential deployment. This could broaden participation from Bitcoin holders if approved.
• Since launching in March 2026 with its hub-and-spoke liquidity model, Aave V4 has surpassed $450 million in active loans. Q3 2026 delivered $18.9 million in revenue and $4 million net income with deposits rising 41 percent to $33.6 billion and utilization near 39 percent. New deployments on chains including Base, Avalanche, Arc and Monad plus products like Cash contributed to the growth while expenses declined. The modular architecture supports specialized markets without liquidity fragmentation.
• Aave V4 on Base launched an Equities Hub allowing Coinbase-issued tokenized versions of stocks such as NVDA, AAPL and TSLA as collateral for USDC borrowing. The integration expands beyond crypto-native assets while using isolated risk parameters and Chainlink pricing feeds. Early deposits have grown and incentives were approved by the DAO. This fits into broader V4 efforts to incorporate real-world assets like equities, forex and potential treasuries through the modular spoke design.

24h change: -1.41%. From $154.01 to $151.84.

• Aave V4 launched in late March 2026 with its hub-and-spoke liquidity architecture that lets specialized markets draw from shared pools without fragmenting liquidity. Less than seven months later, active loans have surpassed $450 million while deposits have grown substantially across new deployments. Q3 2026 saw protocol revenue of $18.9 million and improving net income as utilization held near 39 percent. This reflects strong adoption of the modular design and expansion into new collateral types.
• Babylon Labs has advanced its proposal to let users lock native BTC in self-custodial Bitcoin vaults and borrow stablecoins on Aave V4. The design keeps BTC on its native chain while using a dedicated spoke for liquidations with wrapped bitcoin. Aave DAO would receive the first $500,000 in qualifying annual revenue with potential future revenue sharing and token buybacks. The proposal is now in the request for comments stage and requires additional governance votes, risk parameter setting, and security reviews before deployment.
• Aave V4 has launched markets supporting Coinbase-issued tokenized versions of major stocks such as NVDA, AAPL, and TSLA as collateral on Base. Deployments on Avalanche, Arc, and other chains introduce hubs for equities, forex, and potential real-world assets like treasuries or private credit with isolated risk parameters. The DAO has approved incentives for these markets, and early deposits have grown quickly. These moves broaden collateral beyond crypto-native assets while maintaining the protocol's modular liquidity design.