Aave V4 has crossed $115 million in deposits, extending one of DeFi’s fastest early growth stories as supply and borrow caps rise across several assets to meet demand. The milestone shows V4 is moving beyond its initial launch phase and into a more active lending market. Aave V4 launched with conservative caps by design, limiting how quickly deposits and borrowing could scale while the new architecture proved itself in production. The latest cap expansion shows that demand is arriving quickly enough for the protocol to keep opening more capacity.