Aave

24h change: -7.57%. From $133.13 to $123.06.

• Aave Labs acquired the team and technology behind Avon, including fixed- and floating-rate lending protocols plus an onchain order book. The deal brings key engineers and the Avon founder to Aave Labs with an initial focus on fixed borrowing rates popular among institutions. This builds on Aave V4's modular architecture as the protocol reports more than $30 billion in deposits and $12 billion in active loans. The acquisition aims to deliver more predictable costs to attract traditional finance users to onchain credit markets.
• A Payward-affiliated fund and its clients acquired an undisclosed amount of AAVE tokens through secondary market purchases. Payward, parent of Kraken, signaled long-term conviction in onchain credit markets and DeFi. The investment may open the door for further purchases and closer collaboration with Aave. This follows earlier discussions around a potential equity stake that were ultimately restructured.
• Threshold's tBTC bridge resumed operations after a security pause but Aave's roughly $120 million tBTC reserve on Ethereum remains frozen to new deposits and borrowing. The Aave DAO approved commercial terms for native Bitcoin collateral via Babylon on V4, including revenue sharing and buyback mechanisms. These steps reflect ongoing efforts to integrate Bitcoin-related assets while maintaining risk controls. LlamaRisk has indicated it may propose restoring the tBTC reserve once operations normalize.

24h change: +2.67%. From $129.56 to $133.02.

• Aave Labs acquired the team and technology from Avon, a project specializing in fixed-rate and floating-rate lending markets plus an onchain order book. Avon founder Prince Sinha and key engineers are joining Aave Labs, with initial focus on delivering fixed borrowing rates popular with institutions and traditional finance users. The move expands Aave V4's modular architecture. Aave reports more than $30 billion in deposits and $12 billion in active loans network-wide. This development aims to bring more predictable borrowing costs onchain.
• A fund affiliated with Payward, parent company of Kraken, and its clients acquired an undisclosed amount of AAVE tokens on the secondary market. Payward indicated it may make additional purchases and is exploring potential collaboration with Aave. The move reflects institutional conviction in onchain credit markets and Aave's DeFi infrastructure role. It follows earlier discussions between the parties. Aave V4 has been reaching new deposit highs in recent months.
• Aave V4 has integrated tokenized equities such as SpaceX shares as collateral on Base and rolled out collateral swap functionality across Ethereum, Base, and Avalanche. These features use the hub-and-spoke liquidity model to support isolated risk for new asset classes. Deposits and activity in V4 markets continue to grow. A governance proposal for native Bitcoin collateral via Babylon is also under consideration. The protocol maintains dominant market share in onchain lending with nearly $30 billion supplied and $12 billion borrowed.

24h change: -1.71%. From $132.00 to $129.74.

• Aave Labs acquired the team and technology from Avon, including fixed- and floating-rate lending protocols and an onchain order book. The Avon founder and key engineers are joining Aave Labs to focus first on delivering fixed borrowing rates, a feature popular with institutions and traditional finance users. The acquisition aims to expand Aave's product offerings within its V4 modular architecture. Aave currently reports more than $30 billion in deposits and $12 billion in active loans across its network.
• A fund affiliated with Payward, the parent of Kraken, and its clients purchased an undisclosed amount of AAVE tokens on the secondary market. Payward indicated it may make further purchases and is exploring collaboration opportunities with Aave. The move reflects conviction in onchain credit markets and Aave's role in DeFi infrastructure. It follows earlier discussions between the parties and comes as Aave V4 achieves new deposit highs.
• Aave V4 has integrated tokenized equities such as SpaceX shares as collateral on Base, with deposits growing rapidly. Collateral swap functionality is now live across Ethereum, Base, and Avalanche, allowing borrowers to change collateral without closing positions. These features leverage V4's hub-and-spoke liquidity model to support isolated risk for new asset classes. Activity reflects broader DeFi interest in real-world asset tokenization.

24h change: -0.03%. From $131.96 to $131.92.

• Aave Labs acquired the team and technology behind Avon, a project specializing in fixed-rate and floating-rate lending markets plus an onchain order book. The deal brings engineering talent and tools that will first focus on delivering fixed borrowing rates, a common request from institutional and traditional finance users. Avon founder Prince Sinha and key team members are joining Aave Labs. This expands Aave's product suite as V4 continues to grow deposits past prior highs.
• A fund affiliated with Payward, parent company of Kraken, along with its clients acquired an undisclosed amount of AAVE on the secondary market. Payward noted it may make additional purchases and is exploring collaboration opportunities with Aave. The move reflects institutional conviction in onchain credit markets and Aave's role in DeFi infrastructure. It follows earlier discussions between the parties.
• Aave V4's Equities Hub on Base has integrated tokenized stocks including SpaceX shares as collateral for USDC borrowing in eligible jurisdictions. Deposits in the SPCXc market have reached notable levels while the broader V4 architecture routes liquidity across isolated hubs and spokes. This connects traditional equity markets with onchain lending. It builds on recent launches of V4 across multiple chains and curator integrations like Sentora.

24h change: +5.24%. From $124.54 to $131.07.

• Payward, parent company of Kraken, announced that an affiliated investment fund and its clients purchased an undisclosed amount of AAVE on the secondary market. The statement noted potential for additional purchases and exploration of future collaboration with Aave. This follows earlier discussions between the parties and highlights institutional engagement with DeFi infrastructure and onchain credit markets. AAVE token holders participate in governance over the protocol and its treasury.
• Aave Labs, along with Kamino Foundation and Veda Tech Labs, submitted a confidential legal analysis to the SEC arguing that users supplying assets to decentralized lending protocols or borrowing against their own collateral are not participating in securities transactions. A public summary was released in early November. The framework addresses the Howey test and other securities law elements, emphasizing the decentralized and non-custodial nature of the protocols. This seeks regulatory clarity for onchain lending.
• Aave V4 features hub-and-spoke architecture with dedicated markets for tokenized real-world assets, including Coinbase-issued equities on Base such as MAG7 stocks and SpaceX shares. Deposits in certain tokenized stock collateral have seen significant increases. The protocol has surpassed previous highs in V4 deposits and continues integrations like native BTC collateral proposals via Babylon. These developments expand use cases connecting traditional finance with DeFi lending.