Aave V4 reports $900M in deposits, while DeFiLlama shows $400M TVL and $250M in active loans Shouldn’t deposits = TVL + loans? What explains the $250M gap?
Aave
@aave
Sep 9
Aave V4 crossed $900 million deposits.

Sep 9, 2026 · 9:14 PM UTC

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Replying to @nicoypei
Missing EtherFi market
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makes sense. @0xngmi wen add it
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Replying to @nicoypei
DeFi Llama not counting EtherFi’s V4 instance.
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Replying to @nicoypei
@llama why is that
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Replying to @nicoypei
I believe DefiLlama doesn't count EtherFi's Aave V4 instance which contributes to $260M in deposits and $5M in loans
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