Total Value Locked$766.82m
TVL by Chain
Ethereum$532.25m
Arc$179.38m
Avalanche$42.51m
Base$12.68m
Key Metrics
Fees 30d$1.11m
Fees 30d by chain
Ethereum$831,389
Arc$259,978
Avalanche$18,182
Fees 7d$271,410
Ethereum$185,687
Arc$80,206
Avalanche$5,517
Fees 24h$39,175
Ethereum$25,459
Arc$12,073
Avalanche$1,643
Cumulative Fees$2.6m
Ethereum$2.29m
Arc$270,250
Avalanche$36,391
Revenue 30d$148,621
Revenue 30d by chain
Ethereum$120,017
Arc$25,947
Avalanche$2,655
Revenue 7d$35,986
Ethereum$27,203
Arc$8,034
Avalanche$748.93
Revenue 24h$5,164
Ethereum$3,749
Arc$1,209
Avalanche$206
Cumulative Revenue$362,198
Ethereum$329,799
Arc$26,959
Avalanche$5,437
Holders Revenue 30d$0
Holders Revenue 30d by chain
Arc$0
Avalanche$0
Ethereum$0
Holders Revenue 7d$0
Arc$0
Avalanche$0
Ethereum$0
Holders Revenue 24h$0
Arc$0
Avalanche$0
Ethereum$0
Cumulative Holders Revenue$0
Arc$0
Avalanche$0
Ethereum$0
Collateral Liquidated 30d$692,474
Collateral Liquidated 30d by chain
Ethereum$685,561
Avalanche$6,506
Arc$406.84
Collateral Liquidated 7d$507,339
Ethereum$507,339
Arc$0
Avalanche$0
Collateral Liquidated 24h$0
Arc$0
Avalanche$0
Ethereum$0
Cumulative Collateral Liquidated$692,474
Ethereum$685,561
Avalanche$6,506
Arc$406.84
Active Loans$487.48m
Protocol Information
Aave V4 is a modular lending protocol on Ethereum featuring a hub-and-spoke architecture
Audits:
Methodology
TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.View code on GitHubFees: Borrow interest paid by borrowers plus protocol share of liquidation bonuses.View code on GitHubRevenue: Protocol share of borrow interest plus protocol share of liquidation bonuses.View code on GitHubHolders Revenue: No revenue shared to AAVE holders.View code on GitHubCollateral Liquidated: Collateral removed from borrowers in Aave V4 Spoke LiquidationCall events (collateralAmountRemoved), in the collateral reserve underlying.View code on GitHubYields
Pools Tracked39
Average Supply APY2.12%
Competitors
Aave V4 history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Mar 30, 2026 to Oct 28, 2026.
All-time high TVL: $743.02m on Oct 28, 2026. All-time low TVL: $1.13m on Mar 30, 2026.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $648.12m |
| Sep 30, 2026 | $650.64m |
| Oct 1, 2026 | $651.59m |
| Oct 2, 2026 | $659.53m |
| Oct 3, 2026 | $665.39m |
| Oct 4, 2026 | $670.24m |
| Oct 5, 2026 | $677.93m |
| Oct 6, 2026 | $673.36m |
| Oct 7, 2026 | $674.88m |
| Oct 8, 2026 | $661.56m |
| Oct 9, 2026 | $650.85m |
| Oct 10, 2026 | $664.33m |
| Oct 11, 2026 | $671.03m |
| Oct 12, 2026 | $678.4m |
| Oct 13, 2026 | $651.73m |
| Oct 14, 2026 | $666.78m |
| Oct 15, 2026 | $656.96m |
| Oct 16, 2026 | $662.54m |
| Oct 17, 2026 | $657.16m |
| Oct 18, 2026 | $652.95m |
| Oct 19, 2026 | $653.52m |
| Oct 20, 2026 | $652.18m |
| Oct 21, 2026 | $668.51m |
| Oct 22, 2026 | $691.86m |
| Oct 23, 2026 | $683.84m |
| Oct 24, 2026 | $680.98m |
| Oct 25, 2026 | $703.65m |
| Oct 26, 2026 | $703.57m |
| Oct 27, 2026 | $710.08m |
| Oct 28, 2026 | $743.02m |
TVL at each month end, Mar 2026 to Oct 2026
| Date | TVL |
|---|---|
| Mar 31, 2026 | $2.63m |
| Apr 30, 2026 | $26.21m |
| May 31, 2026 | $85.58m |
| Jun 30, 2026 | $153.3m |
| Jul 31, 2026 | $203.74m |
| Aug 31, 2026 | $350.62m |
| Sep 30, 2026 | $650.64m |
| Oct 28, 2026 (latest) | $743.02m |
Fees, revenue and holders revenue by UTC calendar month, Mar 2026 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Mar 2026 | $67.26 | $2.43 | $0 |
| Apr 2026 | $27,588 | $3,638 | $0 |
| May 2026 | $69,064 | $8,181 | $0 |
| Jun 2026 | $169,391 | $18,803 | $0 |
| Jul 2026 | $240,347 | $35,246 | $0 |
| Aug 2026 | $368,199 | $54,863 | $0 |
| Sep 2026 | $710,192 | $105,903 | $0 |
| Oct 2026 (to date) | $1.06m | $140,726 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/aave-v4
Frequently asked questions
What is Aave V4's TVL?
As of Oct 28, 2026, Aave V4 has $766.82m in total value locked. TVL has increased 20.8% over the past 30 days.
What chains does Aave V4 operate on?
Aave V4 operates on 4 chains: Ethereum, Arc, Avalanche, and Base. Ethereum holds the largest share at 69.4%.
How much has Aave V4 generated in fees and revenue?
Over the past 30 days, Aave V4 generated $1.11m in fees. Of that, $148,621 was protocol revenue. Based on the trailing year, the annualized rate is $4.48m in fees and $623,596 in revenue.
How does Aave V4's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Aave V4 ranks #12 by TVL. The category holds $52.571b across 517 protocols, and Aave V4 accounts for 1.5% of that total. Similar protocols include Morpho Blue, Aave V3, Euler V2, Folks Finance xChain, TermFinance Lend, OmniBTC, Impermax V2, Tarot, Granary Finance, and Ajna V2.
How much has been borrowed through Aave V4?
As of Oct 28, 2026, Aave V4 has $487.48m in active loans.