Aave V4 captures over 53% of DeFi deposits for Coinbase tokenized stocks

Aave V4 holds $10.1 million in Coinbase-issued tokenized stocks on Base, making it the largest decentralized finance venue for those assets, according to figures highlighted by Token Terminal. Its share exceeds 53% of deposits across DeFi venues serving these stocks, while a separate measure of borrower activity shows the market is bringing new users to Aave on the network. Key takeaways Aave captures more than half of DeFi deposits tied to Coinbase tokenized stocks. Three in four borrowers using tokenized Magnificent 7 collateral are first-time Aave users on Base.

Source: The Cryptonomist