Aave V4 deposits surge to record $806M amid rising utilization
Aave (AAVE)
Editor:
Eugene Serbin
Aave V4 deposits hit a record $806 million on August 27, marking a 30% weekly increase, according to bitcoinethereumnews.com. Active loans within the protocol rose to $206 million as capital flowed into the new version. The Ethereum Core market holds the largest share at $378 million, while EtherFi Cash on Optimism accounts for $257 million.
High utilization reached 92% in the EtherFi market, where weETH serves as primary collateral for borrowing wrapped Ether. WeETH is the largest individual asset supplied to V4 with $97 million, followed by the Global Dollar stablecoin at $90 million. Liquid staking assets like LiquidETH and liquidUSD also hold significant positions, contributing to the total.
The hub-and-spoke design allows for tailored risk controls without dividing liquidity across separate pools. This structure supports fixed-rate loans and tokenized real-world asset collateral. Aave’s DAO previously approved $25 million in stablecoin funding and 75,000 AAVE tokens for development. The protocol continues to expand beyond Ethereum, with Avalanche Core holding $18 million in deposits.
How the market reacted
Whalio's own Binance spot order flow for AAVE, measured when this story was written up on 27 August 2026. Not the outlet's figures.
AAVE trades at $127.05 with a 1-hour buy ratio of 64.3%, indicating strong short-term buying pressure. This contrasts with the 4-hour buy ratio of 53.1% and the 24-hour ratio of 48.8%, suggesting immediate momentum is outpacing the daily average. Positive volume deltas of $136,844 and $210,185 in the 1-hour and 4-hour windows show net inflows. However, the 24-hour volume delta is negative at -$374,718, reflecting earlier outflows that the recent buying has not fully offset. The Cumulative Volume Delta for the 24-hour close remains positive at $1,738,842, confirming net buying over the full day. Buyers are currently dominating the immediate flow, reversing the broader daily trend.
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.
Twenty-four hours later
What AAVE did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for AAVE, averaged over the days leading up to the story.
The current 24-hour buy ratio of 48.8% is slightly below the weekly average of 51.3%, showing a marginal decrease in relative buying strength. Trading volume is at 0.44 times the weekly average, indicating a quieter day compared to recent norms. Price has risen 33.3% over the past eight days, supported by a total volume delta of $7,179,414. This day is ordinary in terms of sustained buying pressure but unusual in its lower-than-average volume. The market has seen four days of net buying out of the past seven, establishing a recent upward trend.