As of January 2026, $AAVE e has solidified its position as the "Gold Standard" of decentralized finance, controlling nearly 60% of the DeFi lending market and nearing a historic $1 trillion in cumulative loan issuance. The protocol is currently undergoing its most significant transformation yet with the rollout of $AAVE ve V4, which replaces fragmented liquidity pools with a unified "Hub & Spoke" architecture designed to handle trillions in institutional capital.