Aave V3 dominates USDT0 deposits as AAVE trades sideways
Aave (AAVE)
Editor:
Eugene Serbin
Cryptobriefing.com reports that Aave V3 now holds 78.6% of the approximately $872.7 million in USDT0 deposits across decentralized finance. This concentration of stablecoin liquidity means nearly four out of every five dollars of USDT0 in DeFi resides within the protocol. When including USDT, Aave V3 controls about 62.8% of the $6.1 billion total value locked across 29 protocols, amounting to roughly $3.83 billion.
Over a 90-day period ending in late July 2026, net USDT deposits on Aave V3’s Core market increased by $526 million, raising holdings from $1.93 billion to $3.03 billion. Utilization rates on the platform frequently exceed 90%, prompting governance votes to raise supply caps, including a June 2026 adjustment that set the ceiling at $3.48 billion. USDT0, launched in early 2025, is Tether’s omnichain stablecoin utilizing LayerZero technology for cross-chain movement.
Since its launch, USDT0 has facilitated between $85 billion and $100 billion in cross-chain volume. The protocol’s multi-chain strategy, including deployments on networks like Plasma, has made USDT0 a natural fit for its markets. Competing protocols face a steep challenge as the remaining 28 platforms split roughly $2.27 billion among themselves. High stablecoin utilization suggests active leverage, with traders borrowing stablecoins to fund yield strategies or deploy into volatile assets.
How the market reacted
Whalio's own Binance spot order flow for AAVE, measured when this story was written up on 3 September 2026. Not the outlet's figures.
AAVE is trading at $127.21 with a 24-hour buy ratio of 52.3%, indicating a slight preference for buying over the full day. However, shorter-term pressure is weaker, with the 1-hour buy ratio at 39.3% and the 4-hour ratio at 49.7%. The 1-hour volume delta is negative at -$139,076, while the 4-hour delta is slightly negative at -$27,404. This contrast suggests that immediate buying momentum is fading compared to the broader 24-hour trend. The 24-hour volume delta is positive at +$1,176,619, showing net buying pressure over the longer timeframe. CVD at the 24-hour close is -$511,577, indicating that despite the positive delta, cumulative volume delta has turned negative by the close of the period.
The latest daily buy ratio of 47.5% sits at the 22nd percentile of the last 281 days, against a median of 49.8% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for AAVE, averaged over the days leading up to the story.
Over the preceding week, AAVE saw a 7-day average buy ratio of 48.4%, making the current 24-hour ratio of 52.3% an increase of 3.8 points. Spot volume for the day was $25,356,216, which is 1.60 times the weekly average, signaling unusually high activity. Despite this volume spike, the coin experienced only one day of net buying in the last seven days. The 8-day price change was minimal at +0.1%, and the total volume delta for the period was -$1,497,104. This indicates that while trading activity is elevated today, the broader weekly trend remains largely flat with net selling pressure.