Total Value Locked$726.25m
TVL by Chain
Ethereum$497.04m
Arc$177.25m
Avalanche$38.98m
Base$12.98m
Key Metrics
Fees 30d$1.1m
Fees 30d by chain
Ethereum$831,789
Arc$251,244
Avalanche$17,560
Fees 7d$270,759
Ethereum$186,870
Arc$78,972
Avalanche$4,917
Fees 24h$37,756
Ethereum$24,910
Arc$11,848
Avalanche$998
Cumulative Fees$2.56m
Ethereum$2.27m
Arc$258,352
Avalanche$35,270
Revenue 30d$147,723
Revenue 30d by chain
Ethereum$120,067
Arc$25,063
Avalanche$2,591
Revenue 7d$35,901
Ethereum$27,323
Arc$7,896
Avalanche$681.98
Revenue 24h$5,069
Ethereum$3,753
Arc$1,188
Avalanche$128
Cumulative Revenue$357,165
Ethereum$326,104
Arc$25,765
Avalanche$5,293
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$507,503
Ethereum$507,503
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$461.51m
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 Tracked38
Average Supply APY2.01%
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 27, 2026.
All-time high TVL: $710.08m on Oct 27, 2026. All-time low TVL: $1.13m on Mar 30, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $634.91m |
| 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 |
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 27, 2026 (latest) | $710.08m |
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) | $1.02m | $135,598 | $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 27, 2026, Aave V4 has $726.25m in total value locked. TVL has increased 14.9% 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 68.4%.
How much has Aave V4 generated in fees and revenue?
Over the past 30 days, Aave V4 generated $1.1m in fees. Of that, $147,723 was protocol revenue. Based on the trailing year, the annualized rate is $4.43m in fees and $617,845 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 $52.327b across 518 protocols, and Aave V4 accounts for 1.4% 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 27, 2026, Aave V4 has $461.51m in active loans.