Aave

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.

24h change: -4.26%. From $160.65 to $153.81.

• Babylon Labs has advanced its integration proposal to the Aave Request for Comments stage. Users would lock native BTC in self-custodial vaults on the Bitcoin network to borrow stablecoins on Aave V4 using a hub-and-spoke design. Liquidations are settled via a dedicated spoke providing wrapped bitcoin while the original BTC remains on Bitcoin. The Aave DAO would receive the first $500,000 in qualifying annual revenue with further revenue sharing and token buybacks possible. Further governance votes, risk parameter setting by service providers, and security reviews are required before any deployment.
• Aave V4 has launched Equities Hub on Base allowing Coinbase-issued tokenized versions of major technology stocks as collateral for USDC borrowing. The Arc network deployment enables dollar-euro forex borrowing with shared liquidity via hub-and-spoke architecture. New deployments have driven over $1 billion in deposits across spokes while maintaining healthy utilization. The DAO has approved incentives for the tokenized equities markets. These moves expand collateral options beyond crypto-native assets and demonstrate the modular V4 design in production.
• The protocol generated $18.9 million in revenue and $4 million in net income during Q3 2026. Deposits rose 41 percent to $33.6 billion while active loans increased 32 percent. V4 deployments on Arc, Avalanche, and Base contributed to the growth alongside products like Cash. These figures reflect recovering demand for onchain lending and successful execution of the multichain hub-and-spoke model. Expenses declined and net margin improved over the quarter.

24h change: +8.29%. From $148.61 to $160.93.

• Babylon Labs has moved its proposal into the ARFC stage for Aave governance. It would allow users to lock native Bitcoin in vaults on the Bitcoin network and borrow stablecoins on Aave V4 without wrapping, bridging, or transferring custody of their BTC. A dedicated spoke would handle liquidations by providing wrapped Bitcoin to liquidators on Ethereum while the original BTC remains on its native chain. The Aave DAO would receive the first 500000 dollars in qualifying annual revenue from the integration. This development is supported by recent coverage highlighting its potential to expand Aave's collateral base and reduce certain cross-chain risks.
• Aave V4 has crossed 1 billion dollars in deposits with active loans around 417 million dollars. Key deployments include the Arc network from Circle, Cash on Optimism, and the Equities Hub on Base. Utilization remains healthy near 39 percent as borrowing has grown alongside deposits. These figures reflect the hub-and-spoke design allowing specialized markets to tap shared liquidity without fragmenting core pools. The growth aligns with Q3 2026 protocol revenue of 18.9 million dollars and rising deposits overall.
• The Aave DAO approved USDC incentives for its Equities Hub on Base where users outside the United States can deposit Coinbase-issued tokenized shares of major tech stocks as collateral to borrow USDC. Supported assets include tokenized versions of Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla. The isolated market design limits risk spillover while the incentives began on October 13. Deposits in the hub reached millions shortly after launch with Meta and Nvidia representing a large share. This fits Aave's broader push into tokenized real-world assets through its V4 architecture.