Aave's newly launched market on the Monad blockchain accumulated over $100 million in deposits within 48 hours of going live, while the broader Aave V4 deployment simultaneously crossed $250 million in total deposits — a new version-specific record. The speed of capital inflow suggests institutional and semi-institutional actors are actively seeking yield on new high-throughput chains.
For Armada's crypto repo desk, Aave market depth and borrow rates on ETH and stablecoin collateral serve as a live benchmark for what institutional borrowers can access in permissionless markets. Rapid deposit growth compresses DeFi borrow spreads and raises the bar for what Armada must offer to compete for collateral-backed lending volume from market makers and family offices holding crypto assets.