Aave V4 Deposits Reach $806M as Lending and RWA Collateral Expand

Aave V4 deposits reached $806M after a 30% weekly gain, with roughly $206M-$216M borrowed; EtherFi's weETH market reportedly shows 92% utilization, highlighting concentration and liquidation risk. Aave Horizon added a Wellington-backed fixed-income token with about $15M in deposits, offering an early institutional RWA-collateral signal. The key unresolved question is whether growth reflects new borrowing demand or migration from legacy deployments, while redemption and liquidity risks remain material.