Aave is preparing to launch Aave V4 to bring unified cross-chain liquidity to DeFi

According to Coinjie.com, Aave V4 is scheduled to be launched in the fourth quarter and has unified cross-chain liquidity as Aave consolidates its position as a leader in the DeFi lending market with a record $41.7 billion TVL. Aave Labs (AAVE) released the official launch roadmap for Aave V4, outlining completed milestones and upcoming phases as V4 is undergoing final review, testing and deployment, scheduled for release in the fourth quarter of this year. The Aave V4 has made several major upgrades based on its predecessor, the Aave V3. At the heart of this update is the Cross-chain Liquidity Layer (CCLL), which aggregates liquidity across multiple blockchains, allowing users to collateralize assets on one chain and borrow seamlessly on another chain. This layer utilizes Chainlink's cross-chain interoperability protocol to facilitate these cross-chain transactions and extends support to EVM and non-EVM chains such as Aptos. Prior to full release, Aave Labs will release public documents, testnets with new user interfaces, and public code bases, enabling communities and service providers to try out V4 workflows. Aave V4 builds on V3 success by enhancing scalability, flexibility and cross-chain capabilities while maintaining the security and efficiency of the protocol. By enabling wider liquidity access and a more modular design, V4 allows Aave to gain greater market share in lending on multiple chains. As of September, Aave remains a well-deserved market leader in DeFi lending, with TVL exceeding $41.7 billion — almost half of the industry’s $84.1 billion TVL — the highest level to date, according to DeFiLlama data [Aave Labs].