Total supplied
$28.04B
-34.2%
from 30d ago
Total borrowed
$12.17B
-30.0%
from 30d ago
Stablecoins supplied
$7.91B
-48.8%
from 30d ago
Stablecoins borrowed
$6.30B
-41.6%
from 30d ago
Stablecoin avg. rates
Supply APR:
3%
Borrow APR:
4.33%
Top markets
| # | Market | Supplied | Borrowed |
|---|---|---|---|
| 1 |
Ethereum V3
|
$20.70B | $9.12B |
| 2 |
Plasma V3
|
$1.76B | $908.5M |
| 3 |
Arbitrum V3
|
$1.13B | $519.1M |
| 4 |
Base V3
|
$822.6M | $368.0M |
| 5 |
MegaETH V3
|
$655.9M | $90.6M |
| 6 |
Mantle V3
|
$602.2M | $291.7M |
| 7 |
Avalanche V3
|
$525.9M | $199.1M |
| 8 |
Horizon V3
|
$502.0M | $152.6M |
| 9 |
Ink V3
|
$449.5M | $213.1M |
| 10 |
Prime V3
|
$371.5M | $153.1M |
| 11 |
Polygon V3
|
$203.1M | $66.4M |
| 12 |
Ethereum V2
|
$118.7M | $14.2M |
| 13 |
Optimism V3
|
$87.1M | $33.6M |
| 14 |
Linea V3
|
$41.7M | $20.5M |
| 15 |
Core Hub V4
|
$36.5M | $15.0M |
Total USD value of supplied assets on Aave.
Total USD value of borrowed assets on Aave.
Total amount of stablecoins supplied and borrowed on Aave.
Supply-weighted and borrow-weighted 24h APRs across stablecoins on Aave. Incentives not included.
Stablecoin reserves
Stablecoins
| Asset | Market | Supplied | Supply APR | Borrow APR | Utilization |
|---|---|---|---|---|---|
USDT
|
Ethereum V3
|
$1.95B | 3.94% | 4.73% | 92.6% |
USDC
|
Ethereum V3
|
$1.94B | 3.65% | 4.39% | 92.3% |
USDT0
|
Plasma V3
|
$717.2M |
4.88%
Market is eligible for incentives via Merkl (merkl.xyz).
Action: Lend USDT0 on Aave
Protocol APR: 3.53%
Reward APR: 1.34% WXPL
Total APR: 4.88%
|
3.45%
Market is eligible for incentives via Merkl (merkl.xyz).
Action: Borrow USDT0 from Aave on Plasma
Protocol APR: 4.04%
Reward APR: 0.59% USDT0
Total APR: 3.45%
|
92.0% |
USDm
|
MegaETH V3
|
$545.5M |
5.10%
Market is eligible for incentives via Merkl (merkl.xyz).
Action: Lend USDm on Aave
Protocol APR: 0.10%
Reward APR: 5.00% MEGA
Total APR: 5.10%
|
0.72% | 16.1% |
USDe
|
Plasma V3
|
$352.6M |
4.72%
Market is eligible for incentives via Merkl (merkl.xyz).
Action: Lend sUSDe and USDe on Aave (looping required)
Protocol APR: 1.72%
Reward APR: 3.00% aPlaUSDe
Total APR: 4.72%
|
3.28% | 69.8% |
RLUSD
|
Horizon V3
|
$267.1M |
5.12%
Market is eligible for incentives via Merkl (merkl.xyz).
Action: Lend RLUSD on Aave Horizon
Protocol APR: 1.07%
Reward APR: 4.05% aHorRwaRLUSD
Total APR: 5.12%
|
2.57% | 46.2% |
Top reserves
Markets| Asset | Market | Supplied | Supply APR | Borrowed | Utilization |
|---|---|---|---|---|---|
|
Ethereum V3
|
$4.85B | 2.96% | $4.71B | 97.2% |
|
Ethereum V3
|
$3.20B | 0.00% | $143.7K | - |
|
Ethereum V3
|
$2.30B | 0.01% | $78.6M | 3.41% |
|
Ethereum V3
|
$1.97B | 0.00% | $66.3M | 3.37% |
|
|
Ethereum V3
|
$1.95B | 3.94% | $1.81B | 92.6% |
|
|
Ethereum V3
|
$1.94B | 3.65% | $1.79B | 92.3% |
|
Ethereum V3
|
$1.30B | 0.00% | $104.3K | - |
|
Ethereum V3
|
$976.4M | 0.00% | $13.7M | 1.4% |
|
|
Plasma V3
|
$717.2M |
4.88%
Market is eligible for incentives via Merkl (merkl.xyz).
Action: Lend USDT0 on Aave
Protocol APR: 3.53%
Reward APR: 1.34% WXPL
Total APR: 4.88%
|
$660.1M | 92.0% |
|
|
MegaETH V3
|
$545.5M |
5.10%
Market is eligible for incentives via Merkl (merkl.xyz).
Action: Lend USDm on Aave
Protocol APR: 0.10%
Reward APR: 5.00% MEGA
Total APR: 5.10%
|
$87.8M | 16.1% |
Top reserves across all markets by current supplied balance.
Research
Citations
Ethereum Foundation
Feb 26, 2026
Market Inefficiency in Cryptoasset Markets
Research on spread between ETH staking and Aave interest rates using historical Aavescan data.
Academic paper
Jul 17, 2025
Aave & Plasma: The Global Credit Layer
Full analysis of liquidity and rates using Aavescan to frame Plasma's credit market positioning.
Industry research
Jan 15, 2026
Crypto Firms Buoyed by Trump Get Rocked as Crucial Bill Delayed
Bloomberg reporting on policy-driven moves in lending markets and credit conditions using Aavescan data.
Media citation