Aave V4 Deploys to the Avalanche Network, Launches Three Sub-Markets

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Aave V4 has launched on the Avalanche network as part of a major network upgrade, introducing a Hub & Spoke architecture. The deployment features a core liquidity hub and three sub-markets. The main market supports lending for WAVAX, BTC.b, USDC, USDT, and WETH.e. The AVAX-related market enables deposits of sAVAX and borrowing of WAVAX. The forex market allows cross-collateralization and lending of EURC, USDC, and USDT. Aave has seen over $15 billion in cumulative inflows on Avalanche for V2 and V3, with V3 stablecoin utilization now exceeding 90%. This move brings new market developments for DeFi participants.

According to the Aave blog, Aave V4 has been deployed on the Avalanche network using a Hub & Spoke architecture. This deployment includes a core liquidity hub and three sub-markets: the main market supports borrowing and lending of WAVAX, BTC.b, USDC, USDT, and WETH.e; the AVAX-related market supports depositing sAVAX and borrowing WAVAX; and the forex market enables collateralization and lending between EURC, USDC, and USDT. The core liquidity hub employs a shared liquidity pool design. Aave has been deployed on Avalanche since 2021, with cumulative inflows exceeding $15 billion across V2 and V3; currently, the stablecoin utilization rate in the V3 market exceeds 90%.

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