Aave V4 now has an outstanding loan balance above $600 million, a milestone Aave highlighted by amplifying a post about borrowing still owed across its lending markets.
The figure is a current balance of open borrowing. It is separate from deposited assets and does not add together loans that borrowers have repaid or the total volume issued over time.
Aave V4 places liquidity in Hubs and connects individual lending markets to them through Spokes. Markets linked through the design can draw on liquidity held in shared Hubs rather than building separate pools from scratch.
The $600 million level covers V4 across the protocol. An earlier report on Aave V4 borrowing on Circle’s Arc network cited Aavescan data showing $106.5 million owed there by Oct. 20, a figure specific to that network.
