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Stani Kulechov, founder and chief executive officer at Avara, reports that Aave now has around $10.6 billion in active loans, surpassing all other EVM lending protocols combined.
More than $100 million of these active loans are currently on Aave V4, which recently reached a new all-time high. Kulechov also references an analysis of Aave V4's borrowing composition.
Kulechov previously highlighted that liquidity is returning to Aave as the team advances work on Aavenomics 3.0. In a recent update, he noted that Aave V4 reached a $250 million all-time high and outlined ongoing plans for further expansion. The recent milestone follows these developments and supports continued growth in Aave's lending protocols.