Aave V4 has attracted about $1.2 billion in deposits across Ethereum, Avalanche and Arc, Aave founder Stani said, while a separate report said deposits on Avalanche alone surpassed $30 million. The protocol supports third-party curators including EtherFi and uses a Hub-and-Spoke design that allows Spoke markets to access Hub liquidity rather than establish liquidity independently. Markets are isolated by risk by default, although those with similar risk profiles can share liquidity within preset limits to improve capital efficiency. Token Terminal data previously cited by PANews showed deposits above $1 billion and active loans of about $300 million as of Sept. 23.