News DeFi
Aave TVL Reaches $31.69B in Latest On-Chain Data
Key points
On-chain data from October 19, 2026, places Aave total supplied assets at approximately $31.69 billion across its versions, with net TVL at $19.25 billion.
Aave reported total supplied assets of $31.69 billion across its V2, V3 and V4 markets as of October 19, 2026, according to on-chain trackers. Borrowed amounts stood at $12.45 billion, producing a 39.3 percent utilization rate and a net TVL of $19.25 billion.
Aave TVL Breakdown by Version and Network
V3 accounted for the bulk of activity with $30.52 billion supplied and $12.02 billion borrowed. V4 held $1.08 billion supplied and $408.1 million borrowed, while legacy V2 retained $97.63 million supplied. These figures reflect V3 dominance at 96.3 percent of total supplied assets.
Ethereum remained the primary chain, representing $25.24 billion or 79.6 percent of supplied assets. Additional volume came from Plasma at $1.72 billion, Arbitrum near $975 million, Base at roughly $943 million and Monad at about $671 million. The protocol operated across 22 networks and 44 markets at the time of the snapshot.
DefiLlama listed Aave V3 at approximately $17.1 billion TVL on the same date, ranking second behind Lido. Separate trackers apply different methodologies, which explains variance between supplied totals and net TVL figures reported elsewhere.
Recent Growth and Revenue Performance
September 2026 averages showed supplied assets near $31.4 billion, up 13.9 percent month-over-month, and active loans at $12.6 billion, up 8.1 percent. This marked the third straight month of expansion following a contraction that reduced TVL from roughly $70 billion in September 2025 to $23 billion by June 2026.
V4 deposits reached a record near $1.3 billion by the end of September. Protocol revenue for the third quarter totaled $18.9 million, yielding $4 million in net income. Aave Labs and DAO updates have focused on V4 multichain rollout, including deployments on networks such as Monad and integrations with products like Arc by Circle.
S&P Global noted roughly $19.2 billion TVL in its October 13 report covering September activity. The protocol has also passed a cumulative lending volume milestone exceeding $1 trillion earlier in October.
Background on Aave Versions and Market Position
Aave functions as a decentralized lending protocol with V3 serving as the main multi-chain product. V4 introduced hub-and-spoke liquidity mechanics after its March 2026 launch. Supported collateral now includes tokenized equities such as Coinbase stocks on Base, alongside features like ether.fi Cash.
Utilization and revenue trends will continue to be tracked as deposits expand through new chains and institutional features under discussion in governance. Broader DeFi flows and macroeconomic conditions remain external factors affecting liquidity pools.
Frequently asked questions
What does Aave TVL measure?
Aave TVL typically refers to total supplied assets across markets. Trackers also publish net TVL after subtracting borrowed amounts, which stood at $19.25 billion on October 19, 2026.
How much did Aave V3 contribute to the latest figures?
V3 supplied assets reached $30.52 billion on the October 19 snapshot, representing 96.3 percent of the protocol total.
Which chains hold the largest Aave markets?
Ethereum accounted for $25.24 billion supplied, followed by Plasma, Arbitrum, Base and Monad. The protocol runs on 22 networks in total.
What revenue did Aave generate in Q3 2026?
The protocol recorded $18.9 million in revenue and $4 million in net income during the quarter, according to Token Terminal data referenced in industry reports.
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