Aave V4 is nearing $750M in deposits, with more than $300M flowing in over the past week.

That is a serious acceleration for a version that only launched a few months ago. V4 had already crossed $400M earlier this month, and Aave Labs has now confirmed it has passed $500M in deposits.

The important part is the pace of capital coming in.

If V4 can continue attracting liquidity at this rate, it strengthens the case that Aave’s new architecture is gaining real adoption rather than simply generating attention around an upgrade.

$750M could be another milestone, but the bigger signal is how quickly V4 is getting there.

$AAVE