Aave v4 Deposits on Avalanche Hit Record $125M as Earn+ Fuels Growth

Aave v4 deposits on Avalanche reached an all-time high above $125 million, according to an announcement from the avax account amplified by @AvaxTeam1 on Nov. 2, 2026.

The post attributed part of the momentum to Ethena Pay's new Earn+ product, which routes user deposits into an Aave v4 strategy on Avalanche.

What's behind the number

Earn+ went live on Avalanche in late October 2026. The feature lets eligible users deposit into a vault managed by Upshift and Steakhouse that runs an Aave v4 strategy on the network — meaning deposits into the vault flow through to Aave's Avalanche markets.

aave deployed its v4 Hub & Spoke architecture on Avalanche in July 2026, making Avalanche one of the first networks to host the new lending design. The lending protocol is one of the largest in DeFi and appears on Avalanche's Cascade ecosystem map under the DeFi category.

The 125 million figure marks a new peak for Aave v4 deposits on Avalanche, which the network has been building out through integrations with yield products and vault managers over the past several months.

What to watch

Deposit levels on Aave v4's Avalanche deployment are now a visible gauge of how much capital the network's lending integrations can attract. Continued inflows through Earn+ and similar vault products would test whether the record holds through November.