Aave v4 deposits exceed $900m as AAVE rises
Aave’s fourth-generation lending platform has crossed $900 million in deposits, giving its AAVE token fresh support as traders assess whether stronger protocol activity can help the cryptocurrency challenge the $160 level. Aave said on September 9 that deposits in v4 had moved above $900 million, less than six months after the new architecture went live on Ethereum. Market data on Sunday showed…
The latest version of Aave's lending platform, v4, has accumulated more than $900 million in deposits, according to a report on September 9. This milestone occurred just six months after the new architecture went live on Ethereum. Aave's native token, AAVE, is currently trading around $128, up about 2% in the past 24 hours and with a market capitalization nearing $2 billion.
The deposit growth represents a rapid acceleration for v4, with the platform exceeding $800 million in deposits during August and reaching a record level of active loans. The increase in deposits, coupled with higher borrowing, suggests that more liquidity is being put to work rather than sitting idle. However, protocol growth alone does not guarantee a direct path to higher AAVE token prices, as traders currently view the $160 level as a technical target rather than a forecast from Aave.
The $120 support level remains important, with $160 acting as a resistance zone that would need to be broken before a sustained upward move could occur.
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