Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
AAVE 
AVAX Aave V4 launches on Avalanche, bringing a new architecture
Aave Labs confirmed that Aave V4 is now running on Avalanche, the first time it has been launched on another network since its deployment on the Ethereum blockchain. The deployment is part of founder Stani Kulechov's plan to route tokenized real-world assets through the network.
What is the difference between V4?
As one of the largest decentralized lending agreements, Aave has launched an upgraded version of its V4 system on the Avalanche blockchain. This marks the first time that the new "hub and spoke" architecture is running on a network outside of Ethereum. Aave was launched on Avalanche for the first time in 2021, and its V2 and V3 versions have collectively processed more than US$15 billion in total inflows online. Currently, the utilization rate of stablecoin in the V3 market on Avalanche exceeds 90%. Data shows that the total value of Aave's locked positions on all chains is approximately US$14.2 billion.
The deployment of the V4 architecture is backed by a $15 million incentive commitment, which the agreement's founder Stani Kulechov describes as being tied to key performance indicators-Avalanche will only release these funds for actual growth, not just for the launch itself.
The concept of the "hub and spoke" design is separation risk. In the old system, non-performing assets in a joint pool could cause cascading problems, while V4 spread risk into independent liquidity centers, each managing its own market.
Deployment on Avalanche runs on a core liquidity center that supports three markets:
Main market: Expected to hold the majority of liquidity and accept the widest range of collateral types.
AVAX Related Markets: Constructed around liquidity pledges.
Foreign Exchange Market: Allow EURC, USDC and USDT to use each other as collateral.
In the AVAX-linked market, users can provide sAVAX (mortgage factor of 95%) and can only borrow WAVAX.
The ultimate goal of the plan is to allow treasury bills, real estate tokens or private credit as collateral. Kulechov expects that by the end of 2026, the tokenized real-world asset market will reach US$100 billion, and he hopes Aave can absorb US$1 billion in RWA deposits from it.
Why did the launch of V4 cause controversy?
The launch of the V4 did not get off to a smooth start. The Aave Chan Initiative (ACI), a leading governance services provider led by Marc Zeller, announced that it will phase out operations due to so-called "structural governance issues." Zeller pointed out that Aave Labs has gained more control over governance. On-line data shows that Aave Labs controls approximately 23% of the AAVE token supply, which is enough to influence community voting. Chaos Labs, a leading risk management company, also withdrew from the agreement in April this year, citing increased workload and concerns about the risks of the new V4 architecture. Affected by ACI news, Aave token once fell to US$108, and then recovered.
