目前 Aave 执以太坊借贷领域之牛耳,稳居龙头。
Aave 在2023年末开启的牛市中专注于 DeFi 杠杆套利的需求,借贷业务数据出现显著增长,在2024年扭亏为盈,势头维持到了2025上半年。此外 Aave 依托 Portals 在多链流动性部署上也卓有成效,成为 Arbitrum,Polygon,Avalanche,Optimism 等多个链上锁仓量最高的 DeFi 项目。
而今 Aave V4 预计年内上线,王座要坐得更稳了?!
Aave 基本维持着2~3年的产品大型迭代周期,现下运行的主要版本仍是V3,但从2024年开发团队的提案中,我们已窥见 Aave V4 雏形,即一个统一的模块化的流动性层。
Aave V4 采用 hub & spoke 的新架构,增强模块化,降低治理开销,优化资金效率。Aave V4 将更加依赖于链上智能合约根据市场环境的自动化动态调整(利率,风险参数,资产列表,财务管理等工作不再由治理进行调整),引入链抽象概念提升用户体验,把 GHO 稳定币更深入地融合到生态中,此外还将引入新的风险管理工具和更高效的清算引擎。
长远来看,一旦 Aave V4 的设计真正落地,动态且自动适应于市场环境的各种参数以及打通的多链流动性将有可能再次帮助 Aave 拉开与其他借贷协议之间的技术和流动性优势。


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