Aave V4 deposits reached a record $806 million on Aug. 27 after rising about 30% over seven days, extending a climb that took totals from roughly $350 million at the start of August to more than double that level in under four weeks. Deposits passed $500 million on Aug. 19 and $600 million on Aug. 21 before adding more than $200 million over the following six days, with Ethereum V4 alone exceeding $500 million on Aug. 25. Ethereum Core leads six markets with $378 million, followed by EtherFi Cash on Optimism at $257 million, Ethereum Global Dollar at $75 million and Ethereum Prime at $63 million, with deployments spanning Ethereum, Optimism and Avalanche. Active loans stood at $216 million on the latest on-chain dashboard reading, including earlier noted $62 million in the EtherFi market at 92% utilization as users posted weETH to borrow WETH. weETH led V4’s deposit mix at $97 million. Aave V3 remained far larger at about $31 billion in user deposits, including $25 billion on Ethereum Core. V4’s hub-and-spoke design concentrates liquidity and accounting in hubs while setting independent borrow rules and risk limits for different markets, and has expanded to Avalanche with planned tokenized U.S. Treasury and other real-world asset markets.