Aave V4 Deposits Hit $250M, Monad Market Surpasses $100M in 48 Hours
In a remarkable week, Aave, the foremost decentralized lending protocol, reached two significant achievements. The deployment of its V4 on Ethereum saw deposits exceed $250 million, while a new lending market on the Monad blockchain surpassed $100 million in deposits just 48 hours after its launch on July 2. Within the first day, the Monad market, utilizing Aave Protocol V3.7, garnered over $75 million and accommodates 12 different assets. Monad, an EVM-compatible Layer 1 that debuted in November 2025, aims for a throughput of 10,000 TPS. The Monad Foundation has pledged $15 million in incentives and purchased 10 million GHO tokens. Aave V4, which was introduced in late March, achieved an all-time high, with founder Stani Kulechov projecting growth towards $1 billion.
Key facts
- Aave V4 deposits on Ethereum exceeded $250 million.
- Aave's Monad market surpassed $100 million in deposits within 48 hours of launch on July 2.
- Monad market attracted over $75 million in its first 24 hours.
- Monad market supports 12 assets including USDT0, USDC, GHO, WETH, cbBTC, wstETH, weETH, USDe, mUSD, AUSD, syrupUSDC, and sUSDe.
- Monad's total DeFi TVL was $359.5 million as of June 8; Aave's market accounted for over a quarter.
- Monad is an EVM-compatible Layer 1 built by former Jump Trading engineers, launched November 2025.
- Monad Foundation committed $15 million in incentives and agreed to acquire 10 million GHO tokens.
- Early borrowing on Monad market reached $48 million against $117 million total market size.
- Aave V4 launched on Ethereum mainnet in late March with hub-and-spoke architecture.
- Stani Kulechov expects Aave to grow toward $1 billion in deposits.
- GHO expands to its first standalone Layer 1 via Monad, using Chainlink CCIP and SVR technology.
- Keone Hon stated the deployment brings Ethereum's core liquidity onto a faster chain.
Entities
Institutions
- Aave
- Aave Labs
- Aave DAO
- Monad Foundation
- TokenLogic
- LlamaRisk
- Jump Trading
- Chainlink
- DefiLlama
- NFT Plazas