We provide Capital Management Solutions for Institutions and DeFi Protocols.
On-Chain
- Tweets 1,101
- Following 44
- Followers 3,921
- Likes 657
Pinned Tweet
1/ Q2 marked the launch of Aave V4, the best quarter yet for GSM fees, and $29M in protocol revenue.
▪️ $29M revenue from 12 active sources
▪️ $17.8M from top 10 reserves
▪️ $3.05M revenue recaptured by SVR
▪️ $229M in V4 deposits
▪️ $3.15M GHO earnings
Full Q2 breakdown ↓
4
15
50
41,325
TokenLogic retweeted
Plasma now accounts for 31% of active loans across Aave markets outside Ethereum, making it the protocol’s second-largest market one year after launch.
Plasma also ranks #2 by user deposits, while holding more active loans than Base Core and Arbitrum Core combined.
Aave was live on @Plasma from day one. Targeted liquidity incentives helped establish a market where holders could borrow dollars against yield-bearing assets such as $sUSDe and $syrupUSDT without selling their positions.
That brings lending into the network’s stablecoin offering: depositors earn yield, while borrowers access liquidity against their collateral.
Plasma is now Aave’s largest lending market outside Ethereum.
ALT Stacked area chart of Aave active loans by market from late 2025 to September 2026, showing Plasma as the largest non-Ethereum market at roughly 31% in September 2026.
5
9
27
1,105
Plasma now accounts for 31% of active loans across Aave markets outside Ethereum, making it the protocol’s second-largest market one year after launch.
Plasma also ranks #2 by user deposits, while holding more active loans than Base Core and Arbitrum Core combined.
Aave was live on @Plasma from day one. Targeted liquidity incentives helped establish a market where holders could borrow dollars against yield-bearing assets such as $sUSDe and $syrupUSDT without selling their positions.
That brings lending into the network’s stablecoin offering: depositors earn yield, while borrowers access liquidity against their collateral.
Plasma is now Aave’s largest lending market outside Ethereum.
ALT Stacked area chart of Aave active loans by market from late 2025 to September 2026, showing Plasma as the largest non-Ethereum market at roughly 31% in September 2026.
5
9
27
1,105
Explore Aave’s markets on the TokenLogic dashboard ↓
aave.tokenlogic.xyz
74
$mUSD borrowing on Aave has grown more than 5x since August, from $2.6M to $14.3M.
User deposits now sit at $18.25M, with 78% utilization on Monad.
MetaMask is turning wallet distribution into onchain credit.
Payments products are becoming a new source of liquidity for Aave, and mUSD is the clearest sign yet.
mUSD is @MetaMask's stablecoin, now live on @Aave's Monad market. But what's worth watching isn't the listing, it's where the liquidity behind it comes from 👇
MetaMask has what most protocols can only dream of: distribution. Money Account puts it to work, a self-custodial account that folds saving, spending, and earning into the wallet people already use, spendable in the real world through the MetaMask Card.
Powering all of it is mUSD, so DeFi no longer waits for users to find it, it reaches them through a product they already trust. The demand is product-driven, and the yield behind it is real, funded by reserves and lending, not token emissions. Money Account runs on @Monad, built for consumer-scale throughput.
And this is where Aave comes in 👻
To put that liquidity to work, a payments product needs depth, proven risk infrastructure, and scale. Aave brings all three. It's the deepest lending market in DeFi, with over $26B in deposits. mUSD is now a DeFi asset you can supply and borrow directly on Aave's Monad market, a first for it. And as Money Account grows, it becomes a supply line Aave earns from, capital from outside its usual DeFi-native funnel that it never had to incentivize.
Zoom out and it's a pattern worth watching: a growing share of DeFi liquidity will come from products whose users don't even know they're touching DeFi. Wallets, cards and payment apps aggregate demand at the top, while Aave becomes the financial infrastructure underneath.
mUSD on Monad is an early example, and the model is just getting started.
3
3
15
1,194
Track the EtherFi Cash market on the Aave dashboard ↓
aave.tokenlogic.xyz/aave/v4/…
304
Another reason to use Aave on @XLayerOfficial
Up to 200K USDT in rewards for OKB, xETH, xSOL, USDT0, and USDC deposits through October 19.
Get up to 200K USDT in rewards when you deposit OKB, xETH, xSOL, USDT0, or USDC into Aave V3 on @XLayerOfficial
Ends on Oct 19, 7 AM UTC
More details: web3.okx.com/ul/2q21MQ
Update your app to the latest version to claim rewards.
Existing positions on supported assets from the previous X Stake campaign will be automatically migrated to this campaign.
8
568
Native $USDC replaces USDC.e in $GHO’s stability module on Arbitrum.
The new GSM is now live following AIP-518’s execution, using USDC deposited in Aave to support swaps with GHO.
Users can now swap $USDC for $GHO on Arbitrum at a 1:1 peg. with 25M in mint capacity backing it.
TokenLogic authored AIP-505 and led the deployment of the Stability Module. Arbitrum is now the second L2 with a GSM, after the Plasma launch.
More networks soon... 👀
1
2
16
748
The upgrade prepares for the planned phase-out of USDC.e assets on Aave, while retaining the previous module’s fee strategy.
→ View the new GSM contract on Arbiscan:
arbiscan.io/address/0x1aEe7A…
86
Native $USDC is now live on Aave’s @XLayerOfficial market.
It can be supplied, used as collateral and borrowed across five existing stablecoin eModes, giving xBTC, xETH, xSOL, wOKB and PT-USDG positions another route to dollar liquidity.
1
1
6
411
Explore the X Layer market live on the TokenLogic dashboard ↓
aave.tokenlogic.xyz/aave/v3/…
111
A new governance proposal introduces Custodied Collateral Lending, powered by Aave V4.
It would allow institutions to borrow stablecoins on Aave against assets held in custody at @Anchorage, synchronized through @chainlink infrastructure.
49
51
591
101,032
The Loop Tool in OKX @wallet turns the supply, borrow and re-supply cycle behind leveraged Aave positions into one user flow.
AIP-517 removes Aave’s flashloan fee from the X Layer Loop and Margin Trading contracts, lowering execution costs for users through OKX Wallet.
3
5
411
TokenLogic proposed the change to support user-facing position management on X Layer.
The waiver applies only to the Loop and Margin Trading contracts, with no changes to the market’s reserve or risk parameters.
→ governance.aave.com/t/direct…
2
129