Aave’s deposit growth spans weETH on V3 and V4’s $1 billion milestone

  • weETH surpassed $4 billion on Aave V3’s Ethereum market, while Aave V4 crossed $1 billion in deposits.
  • weETH deposits rose by roughly 129,800, or more than $350 million, and V4 reached about $1.16 billion with $300 million to $310 million in active loans.
  • Aave V3 holds approximately $31 billion, while weETH has been approved across Arbitrum, Base, and Scroll and V4 uses a hub-and-spoke model.

Aave’s lending ecosystem recorded major deposit growth across two separate developments: Ether.fi’s liquid restaking token weETH surpassed $4 billion on Aave V3’s Ethereum market, becoming the protocol’s second-largest asset behind native ETH, while Aave V4 deposits crossed $1 billion around September 16-17 and reached about $1.16 billion. weETH deposits increased by roughly 129,800 tokens, worth more than $350 million, over 30 days, while V4’s expansion was supported partly by the Ether.fi Cash market on Optimism, which passed $300 million in deposits. V4 remains smaller than V3, whose deposits total approximately $31 billion, and reported figures vary between Aave’s interface and external aggregators such as DeFiLlama.

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