Aave V4
$687.3M +0.6%24hValue locked
- Value locked
- $687.3M
- 7 days
- +5.2%
- 30 days
- +13.4%
- Fees per day
- $37.26K7-day average
- Fees / value locked
- 2.0%annualised
- Chains
- 3
- AAVE price
- $146.31−0.3% 24h
- Token market cap
- $2.26B
About Aave V4
Aave V4 is a modular lending protocol on Ethereum featuring a hub-and-spoke architecture.
As of 23 Oct 2026, Aave V4 holds $687.3M in value locked across 3 chains, which ranks it #25 in DeFi by value locked. Thirty days ago it ranked about #72. 69% of that sits on Ethereum, its largest deployment. Among lending protocols it ranks #12 of 109 with 1.3% of the sector, between Lista Lending ($988.6M) and Fluid Lending ($664.1M). Its value locked is up 5.2% over seven days and up 13.4% over 30 days. Users paid an average of $37.26K a day in fees over the last seven days; a year at that pace would equal 2.0% of its value locked, against a sector median of 2.5%. The AAVE token, shared by the 5 Aave products we track, is valued at $2.26B, 13% of their combined $18.03B in value locked.
Value locked by chain
Largest lending protocols
Full sector| # | Protocol | Chains | Value locked | 7d | Fees/day |
|---|---|---|---|---|---|
| 1 |  Aave V3 | Ethereum, Base +19 | $16.98B | 0.0% | $1.12M |
| 2 |  Morpho Blue | Ethereum, Base +36 | $11.25B | +2.0% | $767.3K |
| 3 |  SparkLend | Ethereum, Gnosis | $5.08B | −1.8% | $234.4K |
| 4 |  JustLend V1 | Tron | $3.68B | −1.1% | $49.74K |
| 5 |  Maple | Ethereum | $2.67B | −3.2% | $295.3K |
| 6 | Hyperliquid Earn | Hyperliquid L1 | $1.43B | −2.4% | – |
| 7 |  Compound V3 | Ethereum, Arbitrum +8 | $1.40B | −0.3% | $97.53K |
| 8 |  Kamino Lend | Solana | $1.29B | −0.8% | $142.6K |
